Cabraal granted bail, travel ban extended

Colombo Additional Magistrate, Harshana Kekunawala, yesterday (26), granted bail to ex-Central Bank Governor Ajith Nivard Cabraal.

Cabraal, who served as Governor from Sept. 2021-March 2022, was ordered to be released on surety bail of Rs 10 mn.

Former NGO activist and ex-Southern Province Governor, Keerthi Tennakoon, who now holds an appointment at the Presidential Secretariat, has moved the Court against Cabraal, alleging that the former State Finance Minister was responsible for the ongoing economic crisis.

The Court further extended its order, preventing Cabraal from leaving the country until 24 Nov.

Sampath Mendis, PC, Counsel for Cabraal, raised objections, challenging the maintainability of the private plaint. The Court directed both parties to file their objections on the next hearing date.

President’s Counsel Maithri Gunaratne appeared for the petitioner.

Keerthi Tennakoon has filed a private plaint filed in terms of section 136(1) (a) of the Code of Criminal Procedure Act. He has alleged that Cabraal caused the crisis by paying a USD 500 million to settle outstandings related to international sovereign bonds.

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