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Coorperative Society Director arrested for defrauding Rs.910mn

27 May 2021 09:10 am - 14     - {{hitsCtrl.values.hits}}

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The officers of the Criminal Investigations Department (CID) yesterday arrested a Director of a Cooperative Society based in Wattegedara, Maharagama for misappropriation of funds belonging to the bank for the tune of Rs.910 million, Police Spokesman DIG Ajith Rohana said.

He said the police investigations disclosed that the suspect was one of the members of the  Cooperative's Director Board.

"The misappropriation had taken place in 2017 and 2018," the spokesman said.

However, the suspect was arrested in the Bibile area yesterday and brought to Colombo.

Later, he was produced before the Nugegoda Magistrate yesterday and remanded till June 8, the Spokesman added.

 


  Comments - 14

  • H Thomas Thursday, 27 May 2021 10:38 AM

    As safe as a bank!

    Sambo Thursday, 27 May 2021 10:48 AM

    Defrauding has become the norm of the day. from politicians to white collar individuals who are money thirsty. We cannot trust these so called educated people today.

    VJ Thursday, 27 May 2021 11:09 AM

    Crime does not pay, it will always catch-up with you. You should consider contesting the next general election.

    Ronnie Bugger Thursday, 27 May 2021 11:11 AM

    Arjun Manendran 'kelle'.

    stephan d. Thursday, 27 May 2021 11:16 AM

    what a shame ,bank directer to do some thing like this, no trust on bank system, may be a friend of politikos,no law and order,PLEASE LET US KNOW THE NAME OF THE BANK.

    VJ Thursday, 27 May 2021 11:17 AM

    The workers have not complained, in the present pandemic caused by the Wuhan virus, staying employed is alone a blessing. Let’s hope things will get better and the hardship will be rewarded. Appreciate what you have. Say thanks to God every day. The activists are also trying to earn a living.

    Lal Thursday, 27 May 2021 11:27 AM

    WHAT A CRIME??? Learned from our heroes.

    Account Holder Thursday, 27 May 2021 11:40 AM

    Offence detected after 3/4 years?

    Peacemaker Thursday, 27 May 2021 11:50 AM

    When rajapaksas are in power, everyone steals like them, bcos jungle law prevails in the country

    haris Thursday, 27 May 2021 12:01 PM

    Needs to be give parliamentary post.

    Lakmal Kahawela Thursday, 27 May 2021 12:12 PM

    This is the government's fault as they should monitor all financial institutions quarterly similar to Financial Conduct Authority does in the UK This is not the first time it happened in the past. Also, there would be a government agency similar to Financial Ombudsman Service in the UK to receive complaints from the general public against these types of institutions. If the government does not get involved, the entire financial sector would jeopardize in the future in Sri Lanka

    Ram Thursday, 27 May 2021 03:07 PM

    Within 2 years he robbed almost a Billion. Why not get him a position in the World bank. Sri Lanka can be debt free

    Samson Friday, 28 May 2021 08:29 AM

    He is in the wrong place. Which bank is this and who is this guy?

    Ranjan Friday, 28 May 2021 10:51 AM

    Welldone cops. Now can you let us know status of A.Mahendren


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