Former Coconut Cultivation Board GM arrested for alleged Rs. 77 million misappropriation
Posted by Editor on March 25, 2024 - 12:48 pm
The former General Manager of the Coconut Cultivation Board was arrested for allegedly misappropriating over Rs. 77 million from the Employees Provident Fund (EPF), police said.
A senior police officer confirmed to the media that the 64-year-old suspect from the Delgoda area was taken into CID custody on Friday following an investigation into the complaint of alleged misappropriation of Rs. 77,722,691 from the EPF of the Board.
This fraud has allegedly taken place in 2015 and 2021, and the EPF money of the employees is said to have been given to others through cheques.
The suspect is scheduled to be produced before the Magistrate’s Court in Kaduwela, the police said.
Latest Headlines in Sri Lanka
- Sri Lanka ranks 9th on BBC’s top 25 travel destinations for 2025 January 17, 2025
- Ex-minister’s brother Thisara Nanayakkara granted bail in Rs. 3 Million fraud January 17, 2025
- Electricity tariffs in Sri Lanka cut by 20% January 17, 2025
- Sri Lanka Parliament fires 3 employees for sexual misconduct January 17, 2025
- Ex-President Gotabaya Rajapaksa arrives at CID over Kataragama land issue January 17, 2025
