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High Court dismisses Greek Bonds case; Cabraal and others discharged
Daily FT
|December 11, 2025
THE High Court yesterday threw out the long-running corruption case filed against former Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal and three other senior officials over the CBSL's 2011 investment in Greek Government Bonds.
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When the matter was taken up before High Court No. 6, counsel for the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) informed the Court that the Commission would withdraw all indictments pursuant to a submission made under Section 67 of the new Anti-Corruption Act by President's Counsel Dilan Ratnayake, appearing for Cabraal.
While withdrawing the charges, the Commission sought Rs. 1.8 billion in damages from Cabraal alone, adding that the case would be refiled if the damages were not settled in three months.
However, High Court Judge Mohomed Mihal, after hearing submissions from Ratnayake and counsel for the other accused, ruled that all charges be dismissed forthwith. The accused were discharged unconditionally.
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