5 Million Fraud Suspects further remanded untill 4th January 2016

Former Chairman of the securities and exchange commission, Nalaka Godahewa and three others who were arrested on the charges of financial mismanagement of 5 Million rupees in 2013 have been remanded until the 4th of January 2016.

The ruling comes after the accused were produced before the Colombo Fort Magistrate.

The former Chairman was taken into custody when he reported to the Financial Crimes Investigation Division to record a statement.

The two other individuals arrested in connection with the incident are former deputy director general of the securities and exchange commission, Dammika Perera and an official of a private institution, Tony Ibrahim