Alleged money launderers released on bail

16 September 2011 06:00 pm - 2     - {{hitsCtrl.values.hits}}

A A A

Three suspects who were remanded for allegedly laundering Rs. 84 million violating the Banking Ordinance were released on a Rs.1 million personal bail by a Colombo Magistrate.

The three suspects - S. P. Dixon, N. B. Sivarajan and S. Ilangovan were arrested by the Colombo Fraud Bureau and remanded till Wednesday on the orders of the Additional Magistrate of Colombo Prashantha Alwis.

During the resumption of the inquiry before the Magistrate’s Court  C. R. de Silva PC appearing with Senior Counsel  K. V. Thavarasha and  Periyanathan Arnold submitted to the Magistrate Pasan Amarasinghe that the Colombo Fraud Bureau had charged his clients for violating the Banking Ordinance.

He said the charges were inconsistent with the offences his clients had committed.

The counsel contended the offences committed by the suspects on transacting of foreign currency without a valid licence which was an offence that fell under the Violation of Foreign Currency Act.

He said the Police had charged the suspects for offences committed under the Banking Law. The counsel told the magistrate the offence committed was bailable and moved to grant bail to the suspects.

The Magistrate released the suspects on Rs.1 million personal bail. They were ordered to hand over their passports to court and further ordered them to be present in person before the Colombo Fraud Bureau on the last week of every month. (T. Farook Thajudeen)

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

 

  Comments - 2

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

 

 
  • AJ-DXB Saturday, 17 September 2011 08:24 AM

    another KOLVIN at rise - such as the KANSA vs GANJA trial

    Damien Perea Saturday, 17 September 2011 08:32 AM

    Didn't the Police know under what Law criminals should be charged? Don't they check with the Attorney General before they file charges?

    Strange and strange are the ways of the Sri Lankan Police!


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




“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

Doctors blame newborn for gash on her face

A baby born on September 21 at the Wathupitiwala Base Hospital in Gampaha has

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