Namal arrested again

Tuesday, 16 August 2016 00:45 - - {{hitsCtrl.values.hits}}

Son of ex-President arrested on money laundering charges in HelloCorp case Remanded till 22 August
Arrested over controversial share purchase worth Rs. 125m; police say how he raised funds is unclear

UPFA Hambantota District MP Namal Rajapaksa, son of ex-President Mahinda Rajapaksa, was arrested and remanded on money laundering charges yesterday, for the second time in just over a month.

Colombo Additional Magistrate Lanka Jayaratne yesterday ordered Rajapaksa to be remanded till 22 August after he was arrested and produced before court.

Outside-lead-1-Namal-Arrested

He was arrested by the Financial Crimes Investigations Division (FCID) on Monday morning when he arrived at the FCID for questioning regarding an allegation in connection with the purchase of HelloCorp shares for Rs. 125 million.

Namal Rajapaksa and one other person were arrested for being unable to explain how they came by the funds of over Rs. 100 million to make the purchase of the shares. He was arrested under the Money Laundering Act, his lawyers said.

Namal Rajapaksa and five others were charged as suspects in the HelloCorp case on 28 July.

Earlier MP Rajapaksa was arrested by the FCID on 11 July in connection with the misappropriation of Rs. 70 million, paid to him by the Krrish Company, and released on bail on 18 July.

Pic by Shehan Gunasekara

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