Sri Lanka, Aug. 20 -- Colombo Chief Magistrate Asanga S. Bodaragama today (20) remanded a businessman and four bank officials, including a manager at a leading commercial bank in the country, until the 3rd of next month after they were arrested by the Financial Crimes Investigation Division in connection with an incident involving sending USD 1 billion abroad and causing a loss to the state alongside alleged master swindler Jeffery Mohamed, who set up 36 fake companies under the guise of importing goods.

The Magistrate also ordered the Financial Crimes Investigation Division of the Criminal Investigation Department to present a summary of evidence report to the court regarding the bank officials involved in the incident in accordance wit...