The investigation looking into three major allegations against former minister of economic development Basil Rajapaksa was initiated by the Special Presidential Commission of Inquiry on Massive Fraud and Corruption today.
The Commission had previously recorded statements from the minister with regard to these misappropriations.
However the investigation of the allegations began today with the participation of lawyers representing the two factions.
One major allegation being made is the siphoning of 155.4 million rupees from the then Divi Neguma Department to pay for the ministers personal domestic travel.
The second main allegation is the abuse of state funds totalling to the sum of 260.5 million rupees, to pay the salaries of 150 navy and army personelle, whilst having them deployed on personal assignments.
The third key allegation is the inappropriate use of 14 state owned vehicles and siphoning state money, to the value of 20 million rupees, for fuelling those vehicles.
The lawyers that appeared on behalf of the former minister today, stated that they required time to further analyse the allegations being made.
Accordingly the inquiry was deferred to June 17th.
Former Treasury Secretary P.B. Jayasundera also participated on behalf of the respondent’s faction today.