Former Sri Lanka Securities and Exchange Commission chief arrested

ECONOMYNEXT – Sri Lanka’s former Securities and Exchange Commission chairman Nalaka Godahewa was arrested for criminal breach of trust and misappropriation of state property, police spokesman Ruwan Gunasekera said.

Godahewa will be produced in the Colombo Fort Magistrates’ Court today, he added.

Godahewa was wanted for questioning by the Police Financial Crimes Investigation Division (FCID) for alleged fraudulent use of SEC funds.

The FCID is probing allegations Godahewa was involved in transferring five million rupees from the SEC to the ‘Tharunyata Hetak’, a youth organization connected to ex-President Mahinda Rajapaksa’s son Namal Rajapaksa.

Police have also arrested former deputy director of the SEC, Dammika Perera and Ronnie Ibrahim, a director of the Carlton Sports Club, also connected to the Rajapaksa family, which conducted rugby tournaments.
 (Colombo/December 07 2015)

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