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Ex-NSB Chairman gets suspended sentence

26 November 2018 05:12 pm - 2     - {{hitsCtrl.values.hits}}


The Colombo Chief Magistrate's Court today convicted former NSB Chairman Pradeep Kariyawasam for illegally allowing the purchase of overvalued shares of The Finance Company by the National Savings Bank.

Mr. Kariyawasam, the husband of former Chief Justice Shirani Bandaranaike, was given a 5-year suspended sentence and a fine of Rs.300,000 by the Magistrate.

The court has made this order after considering the fact that the convicted had no previous offences and the loss resulted in, from the transaction, had been reduced after immediate action was taken to reverse the deal. (Nimanthi Ranasinghe)

  Comments - 2

  • Sofia Monday, 26 November 2018 07:46 PM

    Remember this was an offence during MR tenure as President. One of the many fraudulent deals.

    Palle Monday, 26 November 2018 10:24 PM

    This is one of the reason for the impeachment of his wife.

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