Sri Lanka Cricket’s Chief Financial Officer remanded
October 23, 2018 05:07 pm
The Chief Financial Officer (CFO) of Sri Lanka Cricket, who was arrested for alleged financial fraud, has been remanded until November 01 by the Colombo Additional Magistrate.
Piyal Nandana was arrested on Monday following a complaint lodged by the SLC to the Inspector General of Police.
The arrest of the Sri Lanka Cricket CFO is related to an alleged financial fraud, which was unearthed last September.
An alleged attempt to transfer to an offshore account USD 5.5 million connected to the broadcasting rights of the current England tour of Sri Lanka was reported to the police’s crime investigation department.
The SLC had cited the CFO Nandana as the prime suspect, who had claimed that his e-mail account had been hacked and sent the request to transfer the money to an off shore account. He was sent on compulsory leave.
The money was one of the three tranches coming from Sony Picture Networks for broadcast rights of the England tour.