Rs. 200 mn fraud at Ocean Lanka: Two suspects remanded



By Dhammika Nimalasuriya


 


Two senior level managers of Ocean Lanka (Pvt) Ltd., a textile manufacturing establishment which supplies stocks to the BOI in the Biyagama Free Trade Zone (FTZ) were produced before Gampaha Chief Magistrate and District Judge Mohamed Macki in connection with a 200 million rupees fraud and remanded till September 13, 2010, last week.


The chief suspect in the case, who is the deputy general manager, is reported to have left the country, the CID said. The two suspects, arrested on September 9, and remanded by court are the IT manager and manager in charge of Import/Export.


Attorney-at-Law Jeevantha Jayatillaka who appeared for the textile manufacturing company said that they were jointly doing business with a private company in Hong Kong and two Sri Lankan companies, and the amount defrauded could be three times higher than the Rs. 200 million detected so far. An official an inquiry is now underway.


The CID told court that this team of officials were solely responsible for the administration of the company and it is reported that they had sold raw materials and textiles to outsiders. According to the Department and of Immigration and Emigration, one official has already left the country. As more are expected to be taken into custody, the CID asked court that the two suspects be further remanded.


Defence counsel Ranil Kariapperuma said the suspects had done their duties under the direction of the chief suspect, and hence they had only co-operated with him in their official capacity. He pleaded that they be granted bail.


The District Judge ordered that the two suspects be remanded till September 13, 2010. Plaint in this case was filed by the CID. Jeevantha Jayatilleka and T. Ratnayake appeared for the company, while Ranil Kariapperuma and Priyantha Ranawaka appeared for the suspects.


 
 
 
 
 
 
 
 
 
 
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