Attorney General (AG) Dappula de Livera today forwarded indictments against the former Directors of Swarnamahala Jewellers Pvt Ltd and ETI Finance. Previously, on the directions of Attorney General Dappula de Livera, Criminal Investigations Department (CID) was arrested four Directors of Edirisinghe Trust Investments (ETI) Finance on charges of Criminal Misappropriation, cheating, money laundering and other offences at ETI Finance and Swarnamahal Jewellers. They are Jeewaka Edirisinghe, Anjali Edirisinghe, Asanka Edirisinghe and Nalaka Edirisinghe, who served as directors of ETI Finance and Swarnamahal Jewellers.
Update:
AG forwards indictments against ex-Swarnamahal Jewellers directors
Dilshan Tharaka
Attorney General Dappula de Livera was yesterday forwarded indictments against former Directors of Swarnamahal Jewellers in the Colombo High Court under the Finance Business Act for running a Financial Business without a valid license.
Previously, on the directions of Attorney General de Livera, Criminal Investigations Department (CID) was arrested four Directors of Edirisinghe Trust Investments (ETI) Finance on charges of Criminal Misappropriation, cheating, money laundering and other offences at ETI Finance and Swarnamahal Jewellers.
They are Jeewaka Edirisinghe, Anjali Edirisinghe, Asanka Edirisinghe and Nalaka Edirisinghe, who served as directors of ETI Finance and Swarnamahal Jewellers.
Coordinating Officer to the Attorney General State Counsel Nishara Jayaratne told the media that according to the final report of Presidential Commission Of Inquiry, there was evidence that the directors of ETI Finance had used the deposits in undisclosed accounts for personal gain and had persuaded the public to submit deposits, indicating that the ETI Finance was a well-run financial institution at a time of severe liquidity crisis.
“Evidence before the Commission has revealed that the ETI Finance Company had illegally obtained Rs.6.480 billion in deposits by maintaining undisclosed accounts with the Central Bank of Sri Lanka (CBSL) and that Swarnamahal Jewellers had illegally obtained Rs.7.2 billion in deposits from the public without being registered with the CBSL and without a valid license,” she added.
Accordingly, the Attorney General had decided to file indictments in the High Court against Jeewaka Hemal Edirisinghe, Anjali Deepa Edirisinghe, Nalaka Primalal Edirisinghe and Asanka Srimal Edirisinghe, who served as directors of ETI Finance and Swarnamahal Jewellers as they had committed a criminal offense.
On January 05, the Attorney General was directed Inspector General of Police (IGP) to conduct Criminal Investigations against Directors of Edirisinghe Trust Investments (ETI) Finance and Swarnamahal Jewellers with regard to unauthorized acceptance of deposits of Rs.13.7 billion, misappropriation and money laundering. The Attorney General also directed to the CID to arrest them in this regard.
Accordingly, Jeewaka Edirisinghe, Anjalee Edirisinghe and Asanka Edirisinghe were arrested on the same day by the CID and Nalaka Edirisinghe had surrendered to the CID on January 6. Following the arrest, they were produced before the Fort Magistrate’s Court on January 6 and they were released on two sureties of Rs.1 million each.
