Singapore govt now considering Mahendran extradition request

Thinappuyal English October 9, 2019 Comments Off on Singapore govt now considering Mahendran extradition request

The Extradition Request sent by the Sri Lankan government regarding former Central Bank Governor Arjun Mahendran in connection with the Central Bank bond scam case is currently being considered by Singapore’s Attorney General, official sources disclosed yesterday.
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The Attorney-General’s co-ordinating officer, State Counsel Nishara Jayaratne, told news media that the Singapore Attorney General’s office had notified the Attorney General’s Department here in connection with the progress of the Extradition Request made by Sri Lankan authorities.

Sri Lanka’s High Commission in Singapore had handed over the Extradition Request to the Singapore Government to expedite ex-governor Mahendran’s extradition.

The Permanent High Court Trial-at-Bar bench on August 9, had issued a warrant written in English through the Interpol for the arrest of former Central Bank Governor Arjun Mahendran. He is currently evading courts in connection with the Central Bank bond scam case and is residing overseas.

The Attorney General had earlier sought a warrant in terms of Section 63 of the Criminal Procedure Code, since there are reasons to believe that the first accused Mahendran had absconded or would not obey the summons. The Attorney General had provided reasons in writing through an affidavit.

Criminal indictments have been filed against former Central Bank Governor Arjuna Mahendran, former Bank Deputy Governor P. Samarasiri, Perpetual Treasuries Limited (PTL), the PTL beneficiary owner Arjun Joseph Aloysius, PTL Chief dealer Kasun Palisena, Chairman of Perpetual Treasuries Limited Jeffrey Joseph Aloysius, PTL directors Pushya Mithra Gunawardena, Chitta Ranjan Hulugalle, Muthuraja Surendran and Ajahn Gardiya Punchihewa.

According to the indictments, all ten accused have been charged with conspiracy to commit criminal misappropriation in respect of treasury bonds to the face value of Rs.10.058 billion and Mahendran and Samarasiri have been charged with criminal breach of trust in respect of Treasury Bonds to the face value of Rs. 10.058 billion resulting in a loss to the government of Rs. 688,762,100.

Former Deputy Governor P. Samarasiri is accused of abetting the former Central Bank governor Arjuna Mahendran to commit criminal breach of trust in respect of Treasury Bonds. The PTL is accused of insider dealing and criminal misappropriation in respect of Treasury Bonds to the face value of Rs 5 billion. Mahendran, Samarasiri, Aloysius, Palisena and the director board of PTL are accused of abetting PTL to commit insider dealing and criminal misappropriation.

The Charges have been presented under the Public Property Act and Registered Stocks and Securities Ordinance. The Attorney General has named 115 individuals as prosecution witnesses and further listed 236 documents as production items. The supporting evidence in the form of court productions is understood to number over one million pages of documents.