Four bank managers arrested over USD1 bn. import scam, remanded
The court has ordered that four managers of the country’s leading private banks, who were arrested over an incident involving the alleged illegal transfer of approximately US$1 billion to foreign countries, be remanded in custody until August 20.
The four individuals remanded are as follows :
- Dharmalingam Prasad (Union Bank)
- Shiran Mario (Seylan Bank)
- Amila Udara (Nations Trust Bank)
- Umesh Randika Fernando (Sampath Bank)
The order was issued when the four suspects, who were arrested by the Financial Crimes Investigation Division of the Criminal Investigation Department (CID), were produced before the Colombo Additional Magistrate this afternoon (17).
After considering submissions made by Senior State Counsel Oswal Perera, who appeared together with officers of the Financial Crimes Investigation Division, the Magistrate ordered that the suspects be remanded and directed the police to inform the court of the progress of the investigations into the incident.
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