Home / News/ Litro Gas Chairman arrested and remanded till 25 Oct. over Taiwan bank hack

Litro Gas Chairman arrested and remanded till 25 Oct. over Taiwan bank hack

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 12 October 2017 00:25


The Colombo Fort Magistrate yesterday ordered to remand the Chairman of Litro Gas Sri Lanka Shalila Munasinghe, who was arrested for stealing money from a Taiwanese bank, until 25 October.

The Criminal Investigation Department (CID) on Monday night arrested Munasinghe after he surrendered to the police through his lawyers. 

Munasinghe was arrested in connection with defrauding a Taiwanese Bank of $ 1.1 million. He is accused of hacking into the computer network of the bank’s headquarters in New York and fraudulently transferring the money into his account.

Litro Gas Lanka Ltd. has said that on the orders of the Minister of Public Enterprises Development Kabir Hashim, the firm has interdicted Munasinghe from his post.

Pix by Pradeep Dilrukshana

Share This Article


Today's Columnists

Bringing beedi into tax net can yield Rs. 40 b in revenue

Tuesday, 24 October 2017

Last week, the Financial Times quoted an AFP article that stated Sri Lanka will start regulating the toddy industry to boost tax revenues from the informal sector. This same principle should be applied to the beedi trade, which has also grown unabate

Grade 5 Scholarship examination and the future of the country

Tuesday, 24 October 2017

The Grade 5 scholarship examination results have been released recently. Although this is known as the “Mothers’ exam,” the mentality of the children can be well articulated when children come from the examination halls after the exams. Today w

Need for tax reforms: Government should not lose it this time but go for them early

Monday, 23 October 2017

In the first economic policy statement, Prime Minister Ranil Wickremesinghe made a number of pledges related to taxes and tax reforms. One was that the Government would review whether the tax concessions given to investors have really delivered the e

Lessons from Geneva

Saturday, 21 October 2017

‘Mission Impossible – Geneva’ is an inspiring account of developments at the Human Rights Council in Geneva when Dayan Jayatilleka was our Permanent Representative there. It is written by his wife Sanja, which provides for fascinating insights

Columnists More