Update: Fmr SEC Chairman Dr  Nalaka Godahewa remanded

Update: Fmr SEC Chairman Dr Nalaka Godahewa remanded

Update: Fmr SEC Chairman Dr Nalaka Godahewa remanded

Written by Staff Writer

07 Dec, 2015 | 7:19 pm

Former Chairman of the Securities and Exchange Commission Dr. Nalaka Godahewa has been remanded until December 14 over an alleged financial irregularity of five million rupees, which is said to have taken place at the Commission.

Dr. Nalaka Godahewa is charged of utilising a sum of five million rupees as payment for an American Hip Hop Dance Group which performed at a Rugby Tournament last year, under the guise of an awareness campaign on investing in the stock market.

Nalaka Godahewa who arrived at the Financial Crimes Investigation Division, along with his lawyer, on Monday morning to provide a statement, was arrested and produced before the Fort Magistrate’s Court.

Former Director of the SEC Dhammika Manjira Perera and Ronny Ibrahim, who were arrested on the same charges, were also produced before the Fort Magistrate’s Court.

Police Media Spokespeson ASP Ruwan Gunasekera said that the three persons, including Godahewa, were arrested on the charges of criminal misappropriation of property under the Public Property Act, and Criminal Breach of Trust.

Meanwhile, Former Secretary of the Ministry of Highways Ranjith Premasiri was also summoned before the FCID on Monday.

Police Media Spokesperson, ASP Ruwan Gunasekera stated that a statement was recorded from the Former Secretary of the Ministry of Highways R.W.R Premasiri, after he was summoned to the FCID in relation to an investigation over an alleged financial irregularity, where a loan of 28 billion rupees was obtained from the National Savings Bank for the construction and renovation of roads.

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