FCID gets permission to investigate Dilith Jayaweera’s transactions at the CSE

FCID gets permission to investigate Dilith Jayaweera’s transactions at the CSE

FCID gets permission to investigate Dilith Jayaweera’s transactions at the CSE

Written by Lahiru Fernando

02 Jul, 2015 | 9:37 pm

The Colombo Magistrate’s Court has granted permission to investigate the transactions at the Colombo Stock Exchange made by Dilith Jayaweera, Varuni Amunugama, former chairman of the Securities and Exchange Commission Dr. Nalaka Godahewa and S. Anandaraja Amarasekara.

According to Police Media Spokesperson, ASP Ruwan Gunesekara, permission was granted by court after a request was made by the police Financial Crimes Investigation Division (FCID).

The Police Media Spokesperson further stated that the investigations will be carried out on a number of irregularities that had taken place at the CSE during the recent past, including insider trading and market manipulation.

The Colombo Additional Magistrate Nishantha Peiris has issued two orders to Deutsche Bank and the Securities and Exchange Commission regarding a large-scale financial irregularity said to have to have taken place during a share transaction involving an Indian based company and Lanka Hospitals Pvt. Limited.

The court has further ordered a full disclosure of bank account details of Dilith Jayaweera, Nalaka Godahewa, Varuni Amunugama and S. Ananda Raja Amarasekera.

Making submissions to court, the FCID noted that a complaint has been lodged with the division by Consultant Oncologist Dr. S.M. Alexander, regarding a large-scale financial fraud said to have taken place during share transaction involving Lanka Hospitals. The complaint note that the financial irregularity had taken place when the state-owned 65.4% of the shares at Lanka Hospitals.

The FCID has submitted to court that the bank accounts of the Dilith, Nalaka, Varuni and Ananda Raja at Bank of Ceylon, Nations Trust Bank and several other banks have been already examined.

The Additional Magistrate ordered that the names used by the individuals in question, during the transaction and all other related material  be submitted to court through a report.

The magistrate ordered that the report should entail the name of the account holder, national identity card number of the account holder, name of the joint account holder, – if any – the date in which the account was opened, if the account is a company bank account,the address and the Identity card number of the individual who opened the account, whether or not the account is active and in the event the account is closed, the reason behind the closure of the account.

The magistrate further ordered that the heads of the respective banks to submit to court, bank statements of the four individuals – between the January 2011 and June 30, 2011.

The case will be taken up again in court on September 10, 2015.

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