Gamini+Senarath+further+remanded
Wednesday, 15 November 2017 - 11:16
Gamini Senarath further remanded
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Former President's Chief of Staff Gamini Senarath and 2 others were further remanded until 21st of November.
 
They were remanded by Colombo Fort Magistrate this morning (15).
 
Gamini Senarath and former Executive Director of Sri Lanka Insurance Corporation, Piyadasa Kudabalage and Director General of the Samurdhi Development Department Neil Bandara Hapuhinna are accused of misusing government funds of 4 billion rupees, in this case moved by Financial Crimes Investigation Division.
 
The 3 accused are founding directors of Sino Lanka Hotels & Spa Private Limited formed in 2011 with the funds from Sri Lanka Insurance Corporation, Litro Gas Lanka, and the Employees Provident Fund.
 
The accused along with another individual has formed another company called Canwill Holdings Ltd and with the cabinet approval, the three state institutions invested Rs. 18.5 billion in the new company of which the three accused were also directors.
 
However, they have formed another company called Helanko Hotels & Spa without cabinet approval and transferred Rs. 4 billion from the Canwill Holdings.
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