The Financial Crimes Investigation Division (FCID) has launched an investigation into Rs.55 million credited to the bank account of Kider Mohammed Shabadeen Aisha who is a director of three private construction companies, the FCID informed Colombo Chief Magistrate Lanka Jayaratne yesterday.
FCID Unit 4 OIC Inspector R.A.S.P. Ranasinghe informed court that the investigation was launched on the directive of the IGP based on information provided by the Director of the Financial Intelligence Unit of the Central Bank.
The FCID said the probe was launched based on a report sent to the division on the said individual under Section 37/3/003/0690/01 and Section 15(1) of the Financial Transaction Reporting Act No. 6 of 2006 relating to a suspicious financial transaction.
The FCID informed court that Rs.55 million had been credited to a private bank account of Kider Mohammed Shabadeen Aisha who is a resident of No. 410/16, Bauddhaloka Mawatha, Colombo 7 through cheques issued by a private financial institution. The credited amount had been withdrawn on several occasions in a suspicious manner.
The FCID said it was reported that the Financial Intelligence Unit of the Central Bank had informed on June 20 to obtain documents from six private and State banks to probe the transactions of 12 accounts registered under the name of Shabadeen Aisha at six banks.
Accordingly, the FCID said it had launched an investigation into the incident under the Money Laundering Act No. 05 of 2006.
The FCID said according to reports obtained from the Companies Registrar, Shabadeen Aisha had been named as the director of three companies viz Mega Construction and Supplier Private Limited at Colombo Road, Thillaiyadi in Puttalam, Liverpool Lanka Engineering Private Company at No. 8/1, Rheinland Place, Colombo 3 and Green Constructions Private Limited at No. 18/A, Kelankaduwa Place, Colombo 6.
Two passports had been issued to the identity card number borne by Shabadeen Aisha; one to the address of No. 37/C, Stanmore Crescent, Colombo 7 and the other to No. 12, Alminapuram, Thillaiyadi, Puttalam.
The FCID made a request to court to issue an order to obtain a detailed report to probe whether investments had been made at the Colombo Stock Exchange under her identity card number, passport numbers and under the names of the companies in which Shabadeen Aisha is a director.
Accordingly, Magistrate Jayaratne ordered the Operations Officer of the Colombo Stock Exchange to release a detailed report about financial transactions which had taken place at the CSE under the identity card number and passport numbers of Shabadeen Aisha, to the FCID. (Nimanthi Ranasinghe)