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Friday, 26 September 2014 - 14:41
8 accusers of 3.9 billion rupee VAT scam sentenced to 20 years in prison.-Video
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The Colombo High Court sentenced the 8 other fugitive accusers to 20 years each in prison after they were found guilty of the 3.9 billion rupees VAT scam believed to be the largest of its kind in South Asia.

When the case was taken before High Court Judge Kumuduni Wickramasinghe, the 8 accusers were also ordered to pay a fine of 33.37 billion rupees.

The judge also issued a warrant through Interpol to arrest the 8 accusers who were absconding abroad.

The Judge ordered the CID to submit a report with regard to the assets of the accused and stated that steps would be taken to confiscate such assets.

5 accusers of the VAT scam which occurred from 2002 to 2004 were penalized after they pleaded guilty during the hearing.

Another accused and former Assistant Commissioner of the VAT Section of the Inland Revenue Department Gnanasiri Soyza Jayatilake was sentenced to 102 years in jail and to be served concurrently in three years.

In addition, he was ordered to pay a fine of 120 million rupees.

The 8 other accusers had fled the country from the beginning of the Case, and the Case was heard against them in absentia.

The Case on 34 charges against the accused was heard for 7 years.

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