Anuruddha Ratwatte's son Chanuka and four others, who were arrested by the FCID on charges of misusing Rs.4.2 billion in government funds were re-remanded till September 30 by Colombo Fort Magistrate Lanka Jayaratne.
The FCID told Court that the suspects had misused the funds belonging to the Central Bank and the CEB Employees Provident Fund by investing the funds in Government Securities through a company named Entrust Securities PLC, which is headed by the suspects.
The suspects were charged under Sections 5(3) and 8(3) of the Public Property Act and Section 386 of the Penal Code over criminal breach of trust.
The other suspects are: Dharmapriya Bandara Dasanayake (Chairman of Entrust Securities PLC), Chanuka Ratwatte (Managing Director), Romesha Dushanthi Senarath Executive Director), Sanjeewa Dayaratne (Director) and Niloshan Romelo Mendis. (Shehan Chamika Silva)