Dr. Nalaka Godahewa released on bail

Dr. Nalaka Godahewa released on bail

January 21, 2016   01:34 pm

The former SEC Chairman, Dr. Nalaka Godahewa, and two others arrested over a financial irregularity at the Securities and Exchange Commission (SEC), have been granted bail by the Colombo High Court today.


The suspects were released on a cash bail of Rs.500,000 and two personal bails of Rs.5 million each.
 

Dr. Godahewa was arrested by the Financial Crime Investigation Division (FCID) on December 07 in connection with the suspected misappropriation of five million rupees. 


He was arrested after appearing at the FCID to record a statement regarding an alleged Rs.5 million grant by the SEC for Tharunyata Hetak, a youth movement headed by former President Mahinda Rajapaksa’s son MP Namal Rajapaksa.


Nalaka Godahewa was the chairman of the Securities and Exchange Commission (SEC) for nearly two years under former president Mahinda Rajapaksa, who was unseated in a bitterly contested election in January, and stepped down after the poll.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.



NOTE:- Due to legal contstraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

Most Viewed Video Stories

Immigration Controller General pleads guilty to contempt of court charge (English)

Immigration Controller General pleads guilty to contempt of court charge (English)

Seat belts mandatory for passengers of all vehicles on expressways from September (English)

Fuel prices increased (English)

Former Minister Gamini Lokuge passes away (English)

Public react to increase in fuel prices and 0.55% reduction in bus fares

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

True measure of nation's progress lies in spiritual development of it's people - President (English)