Sri Lanka, Nov. 6 -- Chief Inspector of Police Varuni Bogahawatta and five other suspects have been further remanded until November 20 by the Matara Magistrate's Court.

The six suspects are being held in connection with the alleged misappropriation of more than Rs. 1 billion from the Matara Cooperative Society.

Bogahawatta, who previously served as the Officer-in-Charge of the Administration Division at the Kotawila Police Station, was arrested by the Criminal Investigation Department on November 3 over questions surrounding the source of funds used to purchase a luxury motor vehicle and pay its leasing instalments.

The vehicle was recently taken into CID custody as part of the investigation. According to investigators, its leasing pay...