Former Presidential secretariat chief of staff Gamini Sedara Senarath and two others who are named as suspects in a case of misusing Rs 4 billion government funds were issued orders by the Colombo Fort Magistrate and District Judge Ms Lanka Jayarathne, today banning them from leaving the country.
They have been accused of misusing government funds by illegally investing Rs 4 billion from the Rs 18.5 billion approved by the Cabinet in 2012 as allocation for the Kollupitiya Grand Hyatt Regency Hotel to be constructed by a company affiliated to the Sri Lanka Insurance Corporation, in the Hambantota Hyatt Regency Hotel project.
The Magistrate made this order following a request made by the Financial Crimes Investigation Division (FCID).
Submitting to courts that the extracts relating to this incident had been forwarded to the Attorney General’s Department after investigations, the FCID stated that on the instructions of the Attorney General these three have been named as suspects.
It was further stated that they have been named as suspects taking into consideration the fact that their action comes under the Public Property Act and the Criminal Procedure Code.
On the request of the FCID, in addition to Gamini Senarath, the former Managing Director of of the Sri Lanka Insurance Corporation Piyadasa Balage and Former Commissioner of Samurdhi Neil Bandara Hapuwinna were banned from travelling abroad by the court.
The FCID informed court that in 2012 with the approval of the Cabinet, the Sri Lanka Insurance Corporation, Employees Provident Fund and Litro Gas Company have set apart Rs 18.5 billion for the Kollupitiya Grand Hyatt Regency Hotel. Out of this sum the suspects had in an illegal manner had invested Rs 4 billion for the Hambantota Hyatt Regency Hotel and committed an act of misusing government funds, and by investing in the Hambantota hotel project, a shortage of funds had been created for the Kollupitiya hotel project, the FCID stated further. (Sumiththa Jayawickrama)
De Silva Wednesday, 1 November 2017 01:19
At last. the biggest culprit
Reply : 0 21
ralahamy Wednesday, 1 November 2017 06:12
Is this not a project under Helping Hambantota? At the rate money was dumped, Hambantota should become the place for Elites.
Reply : 0 18
nick Wednesday, 1 November 2017 07:07
lets stop this nonsense and recover bond scam which costed trillions of rupees easily can built another 4-5 highways if we can recover those money from looters Ravi was a small fish took a slight bite there are big fishes roaming around freely while parking their illicit earning in Swiss accounts & bitcoms via DM Android App
Reply : 19 1
Ronnie Bugger Wednesday, 1 November 2017 09:14
Consider these as 'moras' in comparison to 'hal massas', you nit wit.
Reply : 1 11
bullmustiff Wednesday, 1 November 2017 11:58
trillions ???. HOW? do you know where it is..!!!moron.
Reply : 0 7
ceylon Wednesday, 1 November 2017 07:36
took three yesrs for just to arrest.corrupt sirisena making election carnival.he protect all the biggest theives. via DM Android App
Reply : 11 9
fritz Wednesday, 1 November 2017 08:15
People voted Percy Mahendra not to let his cronies like Senarath meddle with public money !
Reply : 0 18
dulan Wednesday, 1 November 2017 08:39
Well the biggest punishment anyone can get "cannot leave paradise island"
Reply : 0 12
Upul Wednesday, 1 November 2017 15:50
This is laughing stock. This country knows and names the biggest crooks but no action will be taken against them to punish them.
Reply : 0 1
Gorakaya >C Wednesday, 1 November 2017 21:02
Do not worry, nothing will happen,.He had only been barred form leaving the country.He has relatives in this cabinet.
Reply : 0 0
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