27 May 2021 09:10 am
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.