‘Sakvithi’ Ranasinghe who has been in remand custody for over nine years over an alleged financial fraud exceeding Rs. 1,628 million, has been released on bail by the Colombo High Court today.
Abhaya Ranasinghe Arachchilage Chandana Weerakumara, also known as 'Sakvith Ranasinghe' and 10 others were accused of committing a criminal breach of trust with regard to Rs. 1,628 million worth funds of the depositors at Sakvithi Housing and Construction (Pvt.) Ltd between 2006 and 2008.