Five individuals including Chanuka Ratwatte, who were arrested by the Police Financial Crimes Investigations Division today, were remanded until September 28 , after they were produced before Colombo Fort Magistrate, Lanka Jayaratne.

The five suspects, including Chanuka Ratwatte, are charged with defrauding Rs.4.2 billion belonging to the Central Bank of Sri Lanka.

Thereby the Chairman of Entrust Securities PLC and four other members of its board, were arrested by the Police FCID on Wednesday afternoon and produced before the Colombo – Fort Magistrate’s Court.

The suspects were arrested following a complaint made by the Central Bank, charging that the suspects had misused and misappropriated security deposits belonging to four institutions that come under the purview of the Central Bank, and the Ceylon Electricity Board.

Presenting facts to court, the FCID said that further investigations are being carried out, and that the estimated loss from the fraud could exceed Rs.12 billion.

Meanwhile, leader of the National Freedom Front, Wimal Weerawansa, was questioned by the Police FCID over the misuse of state vehicles.

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