header logo
Asia asset finance
Mogo Academy
Latest
Dr. Nalaka Godahewa arrested by FCID
Dec 07, 201511:00 AM
Dr. Nalaka Godahewa arrested by FCID

Dr. Nalaka Godahewa, former Chairman of Securities and Exchange Commission was arrested by the Financial Crime Investigation Division (FCID), a short while ago on Monday (07) morning, the police Spokesman said.
  

 

Godahewa had been ordered to appear before the FCID to record a statement on an alleged financial fraud, Spokesperson Ruwan Gunasekara said.

 


Nalaka Godahewa was 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.

 


He was expected to appear before a court later in the day.

 


On Friday, the Financial Crimes Investigative Department detained Dhammika Perera, deputy director of the SEC, who is now on compulsory leave.

 


“They were arrested for criminal breach of trust and criminal misappropriation offences committed under the public property act,” said police spokesman Ruwan Gunasekera.

 


Police also said they had arrested a third person who managed a fund which is part of the investigation.

 


Police said the three were detained after a seven-month investigation into the suspected misappropriation of five million rupees ($34,940) in 2013.

 


Godahewa who was then chairman of Sri Lanka Tourism was appointed as SEC Chairman in mid 2012.

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora