Sri Lanka, Oct. 1 -- Two suspects who served as Financial Directors for two private companies, accused of defrauding over a thousand depositors of more than Rs. 9 billion, have been further remanded until October 14.

Colombo Chief Magistrate Asanga S. Bodaragama issued the order yesterday (30) for the further remand of the two suspects, identified as Mahesh Priyantha Agalagamage and Chandika Yasanath Bandara Weerakoon.

The Financial Crimes Division of the Criminal Investigation Department (CID) informed the court that the suspects face ongoing legal proceedings in both the Negombo and Polonnaruwa courts related to similar fraudulent incidents.

Published by HT Digital Content Services with permission from Hiru News....