The well-known Sri Lankan racing driver Dilantha Malagamuwa today filed an anticipatory bail application in court to pre-empt the possibility of his arrest on charges of a non-bailable offence.
He cited the CID Commercial Crimes Unit (5) OIC as the respondent.
In a case before the Colombo Fort Magistrate, the CID alleged that Mr. Malagamuwa had introduced a Sri Lankan businessman Gnanadeepam Sivajothi to a Japanese Yoshiyuki Hayashi for an investment project in Sri Lanka.
Mr. Hayashi had given a loan of US$600,000 to the businessman who had expressed his willingness to pay back US$840,000 within three months but the businessman had failed to do so and this had resulted in the Japanese making a complaint to the CID.
The CID alleged that Mr. Malagamuwa who assisted in interpreting the first complaint of the Japanese national had done so improperly. It was alleged that Mr. Malagamuwa had obtained Rs.15 million from Mr. Sivajothi and thereby committed offences that come under section 398, 400 and 389 of the Penal Code.
In his petition, Mr. Malagamuwa denied all allegations levelled against him and said he had not taken money from the businessman and not interpreted the first complaint in a wrong manner.
He said the respondent had levelled several charges against him on non-bailable offences and his arrest would damage his reputation in the sports arena.
The petitioner stated that the Tourism Ministry of Sri Lanka had appointed him as an ambassador for tourism to assist and support Sri Lanka tourism’s efforts in promoting country’s offer to the world at large.
He said former Japanese Prime Minister Keizo Obuch had highly appreciated him stating that he had worked his way up to become a qualified driver in Japan’s most prominent speed car race. Mr. Malagamuwa said he had received major international honours claiming the victory of Nippon Formula Championship in 2007 becoming the first non-Japanese Asian to compete the game. He said he had also won Malaysian GT championship on several occasions and added that the travel restrictions imposed on him would prevent him from participating at many national and international games and thereby he moved Court to grant him anticipator bail.
Having considered the bail application, Magistrate Lanka Jayaratne ordered that notices be issued on the the CID Commercial Crimes Unit (5) OIC to be present in Court on December 7, the next date of the hearing. (Lakmal Sooriyagoda)
Moral of the story!!! never lend money to a sri lankan you will never get it back!!!!
VIJAYA Monday, 05 December 2011 08:49 PM
High speed crook
Len Monday, 05 December 2011 10:20 PM
Any chance of a anticipatory not guilty verdict. US$ 240000 profit in three months very reasonable rate of return.
the undertaker Tuesday, 06 December 2011 12:30 AM
THE COPS DOSENT SOMETIMES KNOW -WHOM TO CATCH OR NOT-( THE BIG FOXES ARE ROAMING THE CITY IN BROAD DAYLIGHT AND ONLY INNOCENT LAMPS ARE CAUGHT AND GIVEN HAS A PREY TO THESE GREEDY FOXES )
Fonz Tuesday, 06 December 2011 01:35 AM
How come this case was filed in the Criminal Courts? It is a civil matter. Breach of contract.
V.T.R Tuesday, 06 December 2011 03:57 AM
Did Dilantha and Sivajotho worked for GOLDEN KEY earlier. It is not only SRILANKANS some JAPANESE too greedy of making unrealistic return on investments. Where on earth you get a return of 13.33% per month ( 40 % in 3 Months).
My friend tells me some pettah guys get 20% per month. So called Micro Finance companies should capture this market.
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