31 C
Sunday, June 23, 2024

Cabraal and Co-Defendants Released in Greek Bond Case

- Advertisement -

The Colombo High Court today (31) ordered the release of former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal and three other defendants in a case alleging financial losses to the government through 2012 investments in Greek treasury bonds.

The attorneys who appeared on behalf of the former CBSL chief had raised objections that the relevant case filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) cannot be maintained. The Colombo High Court Judge Adithya Patabendige, who accepted the relevant objections, ordered the release of Ajith Nivard Cabraal and the co-defendants of the case.

The defendants were accused of causing a loss of over Rs. 1.8 billion to the Sri Lankan government through the Greek T-bond investments in 2012. On 03 May 2024, Cabraal’s attorneys raised preliminary objections, leading to today’s decision to dismiss the case and release the defendants.


Chinese traveler from Colombo found infected with COVID-19 on arrival at Shanghai

A Chinese national who arrived from Sri Lanka has been infected with COVID-19, Shanghai (China) Health Commission said on Thursday morning.  According to Chinese media,...

Another 160 Omicron cases detected in Sri Lanka

Another 160 cases of Omicron COVID variant have been recorded in Sri Lanka, Dr. Chandima Jeewandara from University of Sri Jayewardenepura said. According to Dr....

PM visits Tirupati

Prime Minister Mahinda Rajapaksa has left for India on a 2-day pilgrimage to the temple city of Tirupati today (23). He was accorded a warm...


Six Suspects arrested for gang-raping schoolgirl

Six suspects have been arrested today for being part of a gang-rape of a 16-year-old schoolgirl in Ambulgama,Hanwella. According to the Police five young men...

Several Caluses of Telecommications Bill Inconsistent with Constitution:SC

The Speaker of Parliament announced the Supreme Court's determination on the proposed 'Sri Lanka Telecommunications (Amendment) Bill.' The Supreme Court has found that several clauses...

CC Rejects President’s Proposal to Extend Attorney General’s Term

The Constitutional Council has rejected President Ranil Wickremesinghe's proposal to extend Attorney General Sanjay Rajaratnam's term by another six months. The council convened today...