Colombo Magistrate rejects bail filed on behalf of Dematagoda Ruwan

COLOMBO (News 1st); Colombo Chief Magistrate Buddhika Sri Ragala today (19) rejected the bail application filed on behalf of infamous drug smuggler Ruwan Chamila Sirinayake alias 'Dematagoda Ruwan' and ordered to further remand the suspect until the 3rd of December. The case has been filed against 'Dematagoda Ruwan' under the Money Laundering Act, over the misappropriation of funds and assets worth over millions of rupees. The Colombo Chief Magistrate also ordered the Chairman of the National Gem & Jewelry Authority to present a report to court regarding monetary value of the over 1.5 kilograms of jewelry seized from the residence of 'Dematagoda Ruwan'. Officers of the Illegal Assets and Property Investigation Division informed court that based on the investigations so far, it has been revealed that Rs. 14 million had been deposited in a savings account maintained by the suspect in the name of the his wife and another Rs. 7.4 million has been deposited in two other bank accounts. Investigators further informed court that the suspect had obtained a sum of around Rs. 1.5 million by pawning nearly 3.5 kilograms of jewelry belonging to the suspect. According to the authorities, further investigations are underway to uncover other money and property that had been misappropriated through trafficking Heroin or otherwise.