The Police Financial Crime Investigation Unit questioned former Central Bank Governor Ajith Nivard Cabraal for over five hours today over the hedging transaction.
Police Media Spokesman ASP Ruwan Gunasekera told our news team the questioning began at 9.30 this morning.
Sri Lanka had to bear a loss of 200 million dollars due to this hedging transaction.
The Police Financial Crime Investigation Unit which was set up to probe mega corruption and fraud cases has already questioned several top figures of the previous government with regard to their connections to massive corruption and fraud.
Meanwhile former deputy minister Sarana Gunawardana who had been remanded in connection with a 96 million rupees financial fraud was released today.
Police Media Spokesman ASP Ruwan Gunasekera stated that Gunawardana was released on two personal bails amounting to one million rupees each when the case was taken before Attanagalla Magistrate today.
MP Gunawardana was charged for collecting 96 million rupees promising to supply a stock of scrap iron removed from a BOI company, and later breaching the promise.
Update: Monday, 30 March 2015 - 07:21 PM
Attanagalle Magistrate Kavindya Nanayakkara today freed UPFA MP and former deputy minister Sarana Gunawardane on bail with five sureties of Rs.1 million each.
Mr. Gunawardane was produced in Court on charges of having swindled Rs.9.6 million from a businessman.
He was also ordered to hand over his passport to Court and to report to the CID on Sunday between 9.00 a.m. to 12.00 p.m.