Suspects in Rs. 190 Billion Illegal Transfer Case Further Remanded

Two suspects arrested over the alleged illegal transfer of Rs. 190 billion abroad, under the guise of importing goods into Sri Lanka, have been further remanded until November 12.

Colombo Chief Magistrate Asanga S. Bodaragama issued the order today (November 5).
The first and eighth suspects were produced before court by prison officials.
Officers of the Financial Crimes Investigation Division (FCID) informed court that objections to granting bail to both suspects had been filed today.
Investigators said they are obtaining the final assessment reports and other documents needed for the investigation into the import and export transactions, and will submit them to court.
Statements are being recorded from individuals who helped establish the companies concerned and laid the foundations for their operations.
Investigators said further inquiries are under way into the involvement of the first and eighth suspects.
Court was told that investigators are also examining whether any connections exist between bank officials and the companies under investigation, with the relevant statements to be submitted to court.
After considering the submissions, the Chief Magistrate said the bail application would be decided on November 12.
Both suspects were remanded until that date.