Chanuka Ratwatte, 4 others released on bail

21 October 2016 12:22 pm - 2 - {{hitsCtrl.values.hits}}

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Anurudda Ratwatte's son, Chanuka and four others, arrested by the FCID on charges of misusing Rs.4.2 billion in government funds, were today released on bail by Colombo Fort Magistrate Lanka Jayaratne.

Chanuka Ratwatte was released on a cash bail of Rs.300,000 with three sureties of Rs.2 million of each.

The FCID previously informed Court that the suspects had misused funds belonging to the Central Bank and the CEB Employees’ Provident Fund by investing them in Government Securities through Entrust Securities PLC, a company headed by the suspects.

The four others are Dharmapriya Bandara Dasanayake (Chairman of Entrust Securities PLC), Romesha Dushanthi Senarath (Executive Director), Sanjeewa Dayaratne (Director) and Niloshan Romelo Mendis.(Shehan Chamika Silva)

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Comments - 2

Lokka Friday, 21 October 2016 01:54 PM

He should not have been released until he paid back the money.

Aruna Friday, 21 October 2016 02:09 PM

The problem lies with Yahapalana operation but not merely them.

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Chanuka Ratwatte, 4 others released on bail

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