Batti campus; Rs. 4.4 bn in account reduced to Rs.36,000 now: FCID

27 August 2019 01:17 am - 15 - {{hitsCtrl.values.hits}}

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The Financial Crimes Investigations Division (FCID) yesterday informed Colombo Chief Magistrate Lanka Jayaratna that more than Rs. 4 billion had been received from foreign countries and credited to one account of a state bank in Sri Lanka on behalf of the university being constructed in Punani area in Batticaloa by Batticaloa Campus (Pvt) Company which is said to be owned by the former governor of Eastern Province, M.L.M.Hizbulla. But, the amount now lying to the credit of that account is said to be Rs. 36,000.

From January 14, 2016, to May 31, 2019 Rs. 4.44 billion had been credited to the account on 206 occasions and the money has been withdrawn from the particular account on 825 occasions. The balance remaining was said to be Rs.36,298.47 at present, the FCID also informed the court.

It was also revealed that out of Rs. 3.64 billion credited to this account had been sent on four occasions to a bank in Sri Lanka by an institute named Inheritance Ali Abdulla Aljufally Jedda in Saudi Arabia. The FCID also told court through their ‘ B’ report that further investigations are being carried out to find how that money was received and the way money was spent.

After providing a detailed report on the investigations, the FCID also requested the Court to grant permission to get more information on the thirteen bank accounts with reference to the case. After considering the information submitted by the FCID, the Magistrate directed the FCID to conduct further investigations into the matter and report back to the Court soon. (Nimanthi Ranasighe)

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Comments - 15

T,J, miskin Tuesday, 27 August 2019 08:55 AM

Punani is the best area to dump garbage without taking it to puttalam. There is a long stretch of land from Polonnaruwa to Batticaloa and the Punani streach is not densely populated. This Sharia College could be transformed into a garbage factory.

kudson Tuesday, 27 August 2019 09:07 AM

4 billion is a lot of money and why is hizbullah free as a lark arrest all those who granted approval for this sharia campus from all the relevant ministries and departments

suresh Tuesday, 27 August 2019 09:08 AM

But if I had 10% of this I would be asked where i got the funds from etc etc. Some law

Lord Wolfstein Tuesday, 27 August 2019 09:41 AM

Is there no banking secrecy in Sri Lanka?

Banker Tuesday, 27 August 2019 04:25 PM

not when there is a state of emergency. They have to show the records. Even if the bank protests, they can be ordered by the court to show the records.

BuffaloaCitizen Tuesday, 27 August 2019 09:52 AM

Well, before the Sri Lanka government robs it, Hizbulla has robbed it... this is a country of crooks... isn't it?

ruvin Tuesday, 27 August 2019 10:01 AM

if he can make so much of money disappear in such a little timer, he is suited to run this country. be elected as the leader of this country.

Rhonda Taylor Tuesday, 27 August 2019 10:31 AM

That itself proves that all the money received has been siphoned out into someone else's account. The FCID needs to probe where the money has disappeared to and fix the culprit. It is being operated by a gang of dishonest politicians

upula Tuesday, 27 August 2019 10:34 AM

Why the court did not issue the Bank a direction not to do any transaction or transfer with this account in question? Don't we have we a credible justice system?

sacre blieu Tuesday, 27 August 2019 10:52 AM

Stunning, the direction justice is taking and the arduous delay in arriving at a verdict.

cheers Tuesday, 27 August 2019 11:10 AM

This is what the UNP leader and the current prime minister has given them the freedom to whatever and get their support so he can retain in power. This was also the cause for 21st april attack disgraceful arrest them

suresh Tuesday, 27 August 2019 11:22 AM

i dont see a problem here we have received foreign investment and if used properly this can generate more foreign funds we sri lankans always believe the media and jump into conclusions

Kadduvan KUMAR Tuesday, 27 August 2019 12:03 PM

He is the most corrupt muslim politician. He got away for many year .

Lawry Tuesday, 27 August 2019 01:53 PM

If a Peppe can swindle this country what can't the Pohottu do?. Even to must open a bank account we are asked if the source of funds.

Mohamed Wednesday, 28 August 2019 11:14 AM

If the government is genuine in its effort, they could always go to the Saudi institute or SAMA (Saudi regulatory body) and get all the details. There should be a proper investigation and arrest the culprits. It is so unfortunate that such funds given by donors for the betterment of development are been used for personal use and only making more difficult for genuine cases to fund.

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Batti campus; Rs. 4.4 bn in account reduced to Rs.36,000 now: FCID

Comments - 15

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