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Friday, 13 March 2015 - 19:35
Asantha De Mel grilled over hedging scam
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The Police Monetary Fraud Investigation Division has commenced probing into 12 massive fraud incidents.

Among the scams under investigation is the Petroleum Corporation’s US$ 200 million Hedging scandal and the alleged swindle in purchasing 4 MIG aircraft in 2006

Investigations have also been initiated over the complaint made against US$ 122 million loss that occurred during the construction of Kerawala-pitiya Power Project.

US$ 332 million were spent to build Kerawala-pitiya Power Plant.

However it was reported that it could have been built at a cost of US$ 210 million.

Meanwhile, Rs. 63 million have been spent by the then Divi Neguma Department on November 21st last year to hold the Samurdhi National Convention.

Former Director General of the Divi Neguma Department R.K. Ranawaka was questioned today by the Police Monetary Fraud Investigation Division in connection with haphazard spending of Rs. 63 million.

Police Media Spokesman ASP Ruwan Gunasekera further explained about the investigations on massive monetary frauds.

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