Sakvithi to be indicted in Colombo High Court

20 October 2011 06:00 pm - 2 - {{hitsCtrl.values.hits}}

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The alleged billion-rupee fraudster Sakvithi Ranasinghe and several others will be indicted soon at the Colombo High Court, in connection with the defrauding of Rs.1,060 million belonging to 2,135 depositors, the Attorney General has informed court.

Senior State Counsel Dileepa Peiris appearing for the Attorney General told Nugegoda Magistrate’s Court that several suspects including Abaya Ranasinghe alias Sakvithi Ranasinghe and his wife Kumari Anuradhani would be indicted in the Colombo High Court.

Meanwhile, Magistrate Anura Kumara turned down a bail application filed on behalf of Sakvithi Ranasinghe’s wife Anuradhani. Mr. Peiris told Court he was objecting to bail since it was a case where more than 2,000 depositors had been allegedly defrauded by the suspects.

He said he feared the suspect would have the same fate that befell Daduwam Mudalali if she was released on bail. The Magistrate ordered her and her husband be further remanded.

In this case, 23 people have been named as suspects and the prosecution hoped to call more than 200 witnesses to give evidence. The CID is conducting further investigations into the matter. (Lakmal Sooriyagoda)

Comments - 2

the Undertaker Friday, 21 October 2011 01:57 AM

SHOULD REST ALL OF THEM IN PIECES IN JAIL FOREVER

Ameer Friday, 21 October 2011 10:38 AM

Good job.

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