The Court of Appeal yesterday stated that the decision on the revision bail application filed by the Bond scam suspects Arjun Aloysius and Kasun Palisena will be announced on 11 October.
The revision petition, filed by the former Director of Perpetual Treasuries Ltd. Arjun Aloysius and former CEO Kasun Palisena with the Court of Appeals seeking bail, was reconsidered yesterday by the two judge bench of Chairman Preethi Padman Surasena and Justice Shiran Gunaratne.
The lawyers of the petitioners and the respondents concluded their statements.
The petitioners, in their appeal to the Appellate Court, stated that the Colombo Fort Magistrate has refused bail for them, stating that the court has no power to grant bail since the suspects have been charged under the Public Property Act.
The petitioners state that however, the CID report submitted to the courts against them has not revealed any offense under the Public Property Act and therefore, the decision taken by the Colombo Fort Magistrate to refuse to grant bail was illegal.
The petitioners state that, although a revision petition was filed in the Colombo High Court against the lower court ruling, the Colombo High Court also rejected the petition without further consideration.
Therefore, the petitioners in the revision application have requested the Court of Appeal to set aside the ruling by the Colombo High Court and Fort Magistrate’s Court and grant bail.