Fmr Chairman of Ceylon Fertilizer Company arrested over financial fraud

19 November 2020 09:19 pm - 8     - {{hitsCtrl.values.hits}}

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Former Chairman of the Ceylon Fertilizer Company Limited has been arrested by the Criminal Investigations Department (CID) over an alleged financial irregularity of Rs. 90 million.

Police said the CID had commenced an investigation into a complaint lodged with the CID on January 14, 2020 regarding a financial irregularity of Rs. 90 million during the purchase of liquid fertilizer from a private company for Ceylon Fertilizer Limited.

The suspect who was the chairman of the Ceylon Fertilizer Company from 2017 to 2019 was arrested on suspicion of being involved in this alleged financial fraud at his residence at Wickramasinghapura in Battaramulla.

The suspect was to be produced before the Colombo Chief Magistrate's Court. The CID is conducting further investigations. (Darshana Sanjeewa Balasuriya)

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  Comments - 8

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  • Lsl Thursday, 19 November 2020 09:35 PM

    ANOTHER FIVE YEARS PASSING LIKE THIS. ARRESTED. REMANDED. FURTHER REMANDED BAIL OUT. NEXT HEARING NEXT YEAR AUGUST 2021 POSTPONED TO DECEMBER 2021 SUSPECT NOT ATTENDED. POSTPONE POSPONE. DRAMA OVER.

    Dhammika Thursday, 19 November 2020 09:39 PM

    He would have had other politicians involved and will be bailed out next week. My front house neighbor is one such person and was arrested and remanded and is out again heading the same government establishment.

    Ha...ha Thursday, 19 November 2020 09:40 PM

    Why no name, mentioned? Suspect is well known?

    FF Thursday, 19 November 2020 09:40 PM

    IF CONVICTED, CHANGE OF GOVT WILL ACQUIT HIM. THAT IS THE LEGAL SYSTEM IN OUR BLESSED COUNTRY

    Pantha Kumaran Thursday, 19 November 2020 10:01 PM

    Corruption, Corruption, Corruption. Corruption. We are famous for this . Where did they learn this from. I would say from our politicians from both parties. Where is our country heading for. Can our President stop this culture. Time will tell.

    Sam Silva Thursday, 19 November 2020 10:13 PM

    This is how certain people have a lavish life at the expense of poor people

    Man Friday, 20 November 2020 09:13 AM

    President won't be able to stop but salvaging all linked to them with the help of the 20th amendment. In fact, a 2/3rd of intelligent people wanted.

    VJ Friday, 20 November 2020 07:17 PM

    He can share the loot and cut a deal.


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