Former ETI Directors released on bail | Daily News

Former ETI Directors released on bail

The four former Directors of Edirisinghe Trust Investments (ETI) Finance Limited, were released on bail by Colombo Chief Magistrate Mohommed Mihail today.

They were released on a cash bail of Rs.1,000,000 and two sureties of Rs.5,000,000 for each. The Magistrate also imposed a travel ban on them and also ordered them to report to the Criminal Investigations Department last Sunday of each month.

They were arrested last Friday by the Criminal Investigations Department on the directive of Attorney General Dappula de Livera on charges of Criminal Misappropriation, cheating, money laundering and other offences at ETI Finance.

They are Jeewaka Edirisinghe, Anjali Edirisinghe, Asanka Edirisinghe and Nalaka Edirisinghe, who served as Directors of ETI Finance and Swarnamahal Jewellers.

The Magistrate observed that the prosecution had not submitted sufficient evidence to further remand the suspects.

Further hearing was adjourned until May 20.