Home / Front Page/ Special High Court grants bail to former top officials in its first case

Special High Court grants bail to former top officials in its first case


Comments / {{hitsCtrl.values.hits}} Views / Saturday, 25 August 2018 00:10

Facebook

The Special High Court in the first case it tried yesterday granted bail to the suspects who include former President’s Chief of Staff Gamini Senarath and three other top officials.

The case was taken up before the three-member bench of High Court Justices Sampath Wijeratne, Sampath Abeykoon and Champa Janaki Rajaratna.

Each suspect was released on a cash bail of Rs. 100,000 and a two personal sureties of Rs. 1 million each. The suspects were also ordered to hand over their passports to the court.

Former President Mahinda Rajapaksa’s Chief of Staff Gamini Senarath along with former Executive Director of Sri Lanka Insurance Corporation (SLIC) Piyadasa Kudabalage, Director General of the Samurdhi Development Department Neil Bandara Hapuhinna and Lasantha Bandara had been charged with criminal misuse of public funds amounting to Rs. 500 million under the Public Property Act, Penal Code, and Prevention of Money Laundering Act.

Deputy Solicitor General Thusith Mudalige, appearing on behalf of the Attorney General, said that he would take steps to hand over the relevant documents of the case to the defendants and requested time.

The High Court bench accordingly postponed the case until 19 September and said that the date of the hearing would be fixed on that day.

Chairman of the three-member High Court Bench, Justice Sampath Abeykoon said that the case would be heard on a daily basis. He further said that the Special High Court was established for a specific purpose and the judges also have to work only within that legal framework.

This is the first case to be called before the three-member special bench appointed to hear case of serious financial fraud. The four defendants appeared before the three-member bench yesterday.

The Attorney General has filed a charge sheet with 21 counts of fraud and misuse of public property against the defendants. He has presented 92 documents as production items and 63 individuals have been named as witnesses in the case.

The defendants are accused of illegally investing Rs. 500 million of public funds which had been given by Litro Gas Company to Canwill Holdings Ltd. at Helanco Hotels and Spa.

Senarath, Kudabalage, and Hapuhinna are Founding Directors of Sino Lanka Hotels & Spa Private Ltd. formed in 2011 with the funds from Sri Lanka Insurance Corporation, Litro Gas Lanka and the Employees’ Provident Fund.

The three accused have formed another company called Canwill Holdings Ltd. and with Cabinet approval the three State institutions invested Rs. 18.5 billion in the new company of which the three accused were also Directors.

However, they had formed another company called Helanko Hotels & Spa without Cabinet approval and transferred Rs. 4 billion from Canwill Holdings. Helanko Hotels & Spa later launched the Hyatt Regency project in Hambantota at a cost of Rs. 312.2 million without Cabinet approval.


AG files case in SHC against Gota and 6 others



The Attorney General's Department has filed a case with the Special High Court against former Defence Secretary Gotabhaya Rajapaksa and six others over the misuse of public funds to build the D. A. Rajapaksa museum.

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Why are Sri Lankan passports so bad?

Wednesday, 24 July 2019

My children have two different passports, making them a sort of case study in the stupidity and ultimate cruelty of passports. My daughter has a white passport, so no visas required. My son has a brown passport and he has to prove that he’s not try


Concept of Free Zones and their economic importance

Wednesday, 24 July 2019

With the growth of cross broader international trade, economic liberalisation and relocation of manufacturing facilities to economical location in search of competitive advantages, the concept of Free Zones was born. Free Zones include varieties of F


Howard at the PIM

Wednesday, 24 July 2019

A number of very important people called to thank me for inviting them to the very popular presentation by Dr. Howard Nicholas. It was held on 18 July at the Postgraduate Institute of Management (PIM) auditorium. The title of the presentation was ‘


“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


Columnists More