Edirisinghe family further remanded

12 Jan, 2021

The four former Directors of ETI Finance were further remanded till 15 January, 2021.

Jeewaka, Asanka, Nalaka, and Deepa Edirisinghe were further remanded by the Colombo Chief Magistrate?s Court today.

The Court will determine on 15 January whether or not to grant bail to the four former Directors.

Jeevaka, Asanka, and Deepa who are Directors of Swarnamahal Jewellers were arrested on Tuesday (05), while?Nalaka Edirisinghe surrendered to the CID?the following day.

They were charged of misappropriation, cheating, criminal breach of trust, and other offences under the Finance and Business ACT.

The former Directors were accused of unauthorized acceptance of deposits of Rs. 13.7 billion, misappropriation of funds and money laundering.

A Presidential Commission of Inquiry investigating?irregularities concerning ETI Finance?found that ETI Investments had not followed the proper procedures in their conduct from its inception. (Colombo Gazette)

Recommended For You

Opposition claims flight held for Namal for 45 minutes

The opposition claimed in Parliament today that the departure of a flight was delayed for Sports Minister Namal Rajapaksa for 45 minutes when he was travelling to Dubai. Samagi Jana Balawegaya (SJB) Parliamentarian Hesha Withanage said that the flight was held as the Immigration and Emigration Department had not yet received copies of court documents permitting Rajapaksa to travel overseas. A travel ban had earlier been imposed on Rajapaksa over an ongoing case. However the travel ban was lif

10 Mar, 2021

Sri Lanka insists it has not accepted coup in Myanmar

By Vyshnavy Velrajh Sri Lanka today insisted it has not acknowledged the military coup in Myanmar. The Government was accused of backing the coup by inviting the Myanmar authorities to attend the Bay of Bengal Initiative of the Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) meting in Colombo. However, when contacted by Colombo Gazette Foreign Secretary Admiral Jayantha Colombage insisted that the Government has not expressed its view with regard to the military-run Government cur

10 Mar, 2021

Quarantine for vaccinated travellers under review?

By Vyshnavy Velrajh The quarantine process for travellers who have received the coronavirus vaccine, is under review. Army Commander General Shavendra Silva told Colombo Gazette that the Health Ministry?s technical committee on Covid-related matters is to take a final decision on the matter. He said that the proposal was one of three key suggestions made when the coronavirus task force met on Monday afternoon. General Shavendra Silva said that a request was made to consider if the mandatory

10 Mar, 2021

Colombo Gazette is a leading news and entertainment website, covering stories related to Sri Lanka. The content consists of text based news, photos and videos and is linked to social media websites including Facebook, Twitter and Instagram, to provide a wider coverage for its stories.