Fri, 29 Mar 2024 Today's Paper

Chanuka Ratwatte, four others arrested

14 September 2016 12:38 pm - 9     - {{hitsCtrl.values.hits}}

A A A

Chanuka Ratwatte and four others were arrested by the FCID this morning in connection with an alleged financial fraud of Rs. 4.6 billion at the Entrust Securities PLC.

The Central Bank took over Entrust Securities PLC this January and handed it over to the National Savings Bank as the management agent, to restructure the troubled primary dealer.

The Central Bank however did not directly admit uncovering of any fraudulent activities by the company/top management but said it was taken over to ensure the credibility of the government securities market.

Chanuka Ratwatte functioned as an Executive Director of Entrust Securities PLC.

 

Video by Buddhi


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 9

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Bala Wednesday, 14 September 2016 01:34 PM

    The amount involved is so colossal that the public cannot fathom the extent of corruption that has being prevalent in the last decade. I only hope we can recover at least 25 percent of the loot.

    Perumal Wednesday, 14 September 2016 01:39 PM

    With so many thieves in the politico-economic hierarchy under the former regime, it was sheer luck that the country managed to survive.

    Labby Wednesday, 14 September 2016 02:58 PM

    And every time someone is taken in for questioning they call it a 'witch hunt'. The amazing thing is some naive people believe this.

    Riz Wednesday, 14 September 2016 03:19 PM

    Ratwaththe will be on the bottom of the hell now.

    ala Wednesday, 14 September 2016 04:04 PM

    What a pathetic state of affairs!! The Central Bank has proven its incompetence in supervising financial institutions.

    Fraudster Wednesday, 14 September 2016 04:30 PM

    Sounds very much like UTI Ltd; where the main accused left SL to avoid 7 yr prison term for 6.7m fraud and still at large. No action!?

    BuffaloaCitizen Thursday, 15 September 2016 05:59 AM

    What happened to the investigation on the fathers fixed deposit certificates found inside his locker also amounting to billions?

    COL7 Thursday, 15 September 2016 10:47 AM

    Disgraceful.....

    openmind Friday, 16 September 2016 10:22 AM

    now somebody will say the drought


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H

MIRROR CRICKET

More