ETI Directors remanded till 30 March

Thursday, 18 March 2021 03:30 - - {{hitsCtrl.values.hits}}

Edirisinghe siblings face multiple charges, including money laundering

The four directors of the failed finance company Edirisinghe Trust investment (ETI) Finance Ltd. were remanded till 30 March by Colombo Fort Magistrate Priyantha Liyanage yesterday.

The four directors of ETI are Jeewaka Edirisinghe, Nalaka Edirisinghe, Asanka Edirisinghe and Deepa Edirisinghe.

The four Edirisinghe siblings are facing charges of money laundering, criminal breach of trust and criminal misappropriation.

ETI’s assets included Swarnamahal Financial Services PLC, EAP Broadcasting Company Ltd. with its subsidiaries EAP Films and Theatres Ltd. (and its subsidiaries); Hotel Sapphire Ltd.; Swarnamahal Jewellers Ltd.; and other immoveable assets owned by ETI Finance PLC.

TFC depositors appeal for Rs. 500,000 additional payment