Three remanded over alleged financial fraud | Daily News

Three remanded over alleged financial fraud

Three suspects including a Retired Deputy General Manager of a state bank who were arrested in connection with an alleged financial fraud of Rs. 60 million, were ordered to be remanded till October 19.

The order was issued by Colombo Fort Magistrate Thilina Gamage yesterday.

The Magistrate also rejected the bail application made by the Defence Counsel on behalf of the suspect. The Magistrate further ordered the CID to arrest all the suspects involved with the incident.

The first suspect who was arrested by the Criminal Investigations Department (CID) in connection with the same incident had committed suicide by jumping from the fifth floor of the CID building.

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