Former SEC Chairman to Appear Before Courts on Dec. 11 on 5 M Fraud Charges.

The case filed against former Securities and Exchange Commission (SEC) Chairman Nalaka Godahewa and two others, in connection with their alleged involvement in conspiring to misappropriate Rs. 5 million of funds belonging to SEC was taken up yesterday(9) and fixed for trial on December 11 by Colombo High Court Judge Padmini R.Gurusinghe  They were indicted under Public Property Act. The Attorney General said, that the three accused had committed this offense between 6 August and 18 August 2013.

The Attorney General alleged that three accused, Securities and Exchange Commission (SEC) former chairman Nalaka Godahewa, SEC former Deputy Director General Dhammika Manjira Perera and Tharunyata Hetak Organisation sports director Ronnie Ibrahim had conspired to misappropriate a sum Rs. 5 million of funds, which were granted as a sponsor to the Tharunyata Hetak Organisation (A tomorrow for youth) by the SEC and the money in question had been transferred to a bank account belonging to Ceylon Premium Sports Limited to promote rugby in contrary to a decision of SEC. The third accused Ronnie Ibrahim had been charged for aiding and abetting to commit this offence.