Co-operative Society Director defrauding Rs.910mn remanded

28 May 2021 12:00 am Views - 124

By Darshana Sanjeewa Balasuriya   

The officers of the Criminal Investigations Department (CID) arrested a Director of a Cooperative Society based in Wattegedara, Maharagama for misappropriation of funds belonging to the bank for the tune of Rs.910 million, Police Spokesman DIG Ajith Rohana said.

He said the police investigations had disclosed that the suspect had been one of the members of the Co-operative Director Board.  


“The misappropriation had taken place in 2017 and 2018,” the Spokesman said.  


However, the suspect was arrested in the Bibile area on Wednesday and brought to Colombo.  Later, he was produced before the Nugegoda Magistrate and remanded till June 8, the Spokesman added.