Fresh criminal case against a Ceylinco subsidiary

31 Jan 2012 - {{hitsCtrl.values.hits}}

The CID yesterday filed a fresh criminal case at the Colombo Fort Magistrate’s Court against another Ceylinco group company - Ceylinco Profit Sharing Investment Corporation Ltd - for allegedly cheating and committing criminal breach of trust involving Rs.76.7 million of depositors’ money.

Twelve complainants including a Ratnapura gem merchant making complaints to the CID alleged that their money deposited at Ceylinco Profit Sharing Investment Corporation Ltd had not been paid back with dividends. The complainants told police that they deposited money in the company as they trusted Lalith Kotelawala.

Filing a report before Magistrate Kanishka Wijeratne, the CID informed that the concerned company had earlier registered as Ceylinco Islamic Investment Corporation Ltd. The CID further informed Court that Lalith Kotelawala, Sunil Jayatissa, Secile Kotelawala, Parana Thanthrige Sirisena, Daniel Jegasothy, Kamaldevi Karunanayake, Malani Sabaratnam, M.R. Zahir, Z.M. Rafeek and K. Sivasamsothy had acted as the directors of the company.The CID also told court that investigations into the complaints were being probed as the offence came under sections 386, 389 and 400 of the Penal Code. (Lakmal Sooriyagoda)

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Fresh criminal case against a Ceylinco subsidiary

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