Former Chairman of the Securities and Exchange Commission of Sri Lanka, Dr. Nalaka Godahewa has been arrested by the Police Financial Crimes Investigation Division (FCID) this morning.

Police said he was arrested on charges of criminal breach of trust and criminal misappropriation and is to be produced before the Fort Magistrate Court today.

Police Spokesman ASP Ruwan Gunasekara said Dr. Godahewa arrived at the FCID this morning to give a statement over his alleged involvement in transferring Rs.5 million from the SEC to the ‘Tharunyata Hetak’ youth programme.

Even though Dr. Godahewa was summoned to appear before the FCID on Saturday, his lawyers had requested another date.

The former deputy director of the SEC, Dammika Manjira Perera and former director Ronnie Ibrahim were arrested on by the FCID on Friday (04) evening over their alleged involvement in the transfer of the money and remanded till today. (DS)