Three arrested over Rs. 41 Million Sri Lanka Land Development Corporation fraud
Posted by Editor on February 11, 2026 - 9:13 am
Three people were arrested on February 10, 2026 over a Rs. 41 million loss to the government linked to the Sri Lanka Land Development Corporation, following a major procurement fraud investigation.
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) arrested a retired Chief Engineer, a Mechanical Engineer, and an Assistant Managing Director of a private company in connection with the case.
The arrests relate to alleged irregularities in the procurement of two long-arm excavators, which reportedly caused financial losses to the state.
The suspects were produced before the Colombo Chief Magistrate’s Court and were later released on bail.
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