‘Sakvithi Ranasinghe’ granted bail
Posted by Editor on June 10, 2019 - 7:19 pm
‘Sakvithi’ Ranasinghe who in remand custody for over nine years over an alleged financial fraud exceeding Rs. 1,628 million, has been released on bail by Colombo High Court today.
The order was issued by a three member bench of the Colombo High Court today.
‘Sakvithi Ranasinghe’ was in remand custody since September 2009.
Abhaya Ranasinghe Arachchilage Chandana Weerakumara known as ‘Sakvith Ranasinghe’ and 10 others were accused of committing a criminal breach of trust with regard to Rs. 1,628 million worth funds of the depositors at Sakvithi Housing and Construction (Pvt.) Ltd between 2006 and 2008.
Latest Headlines in Sri Lanka
- Murder convicts freed in Sri Lanka under misused Presidential pardon June 20, 2025
- Sri Lanka deports 85 Chinese nationals convicted of cyber and other offences June 20, 2025
- Sri Lanka to issue passports within four hours on weekdays under one-day service June 20, 2025
- Sri Lanka probes 28 politicians, Ex-Army chief over illegal assets June 20, 2025
- Fake drugs scandal: Court told Immunoglobulin had bacteria, cancer drug was saline June 19, 2025
