Namal arrested by FCID

Namal arrested by FCID

August 15, 2016   01:15 pm

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MP Namal Rajapaksa who arrived at the FCID to give a statement on alleged irregular purchase of Rs. 125 million worth Hellocorp shares has been arrested, Police said.


Namal Rajapaksa and five others were earlier named as suspects over money laundering charges in connection with a case filed at the Colombo Magitsrate’s Court on 28 July.


The case was filed over the allegation of purchasing shares worth an estimated Rs.125 million from the company called Hellocorp.


“He was arrested by police under the anti-money laundering act. He will be produced before a court in a while,” lawyer Premanath C. Dolawatta has told Reuters.


Neither Namal Rajapaksa nor family members were immediately available for comment but they have in the past all publicly denied wrongdoing. It was the second time he had been arrested.


In July, he was arrested in connection with a separate case on suspicion of misappropriating of funds in a $650-million apartment project and was released on bail after seven days in detention on remand.


Namal’s uncle, the former president’s brother, Basil Rajapaksa, who headed the economic development ministry, has also been arrested three times - twice over suspicion of misuse of anti-poverty funds and a once over suspicion of laundering money.


He too has denied any wrongdoing.


(With inputs from Reuters)

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