Sri Lanka, Sept. 23 -- Colombo Chief Magistrate Asanga S. Bodaragama today (23) ordered that a businessman arrested by the Criminal Investigation Department be remanded until October 1 in connection with the alleged illicit outflow of 24.85 billion US dollars through telegraphic transfers without importing any goods by establishing five shell companies.

The suspect was identified as Naina Mohomadu Mohomad, a resident of Colombo 12. The Criminal Investigation Department informed the court that he is being named as the seventh suspect in the case.

Appearing for the prosecution, State Counsel Oswald Perera stated that the suspect, acting similarly to main suspects Mohamed Jeffrey and Mohomu Musammil Mohomad Inpas, established five dummy co...