Thondaman Foundation chief accountant to be arrested

Wednesday, 06 May 2015 13

The Chief Accountant, Manager administration and Chairman of Thondaman Memorial Foundation Muttusivalingam MP, former Deputy minister Economic Affairs to be questioned and arrested by the Financial fraud Investigation Unit, based on the complaints made to CID and presidential investigation unit by six senior members attached to the 'Prajashakthi and navashakthi of  Thondaman Foundation.

It has been revealed that there had been huge financial Malpractices has taken place in this said organization. 2013, 2014 a whooping hundred and seventy five million each year has been paid to this foundation by the treasury.  During the month of November 2014, Rs. Sixty five million has been spent on for election campaign for Mahinda Rajapakse. Despite Election campaign, however it has been noted this money had been spent solely by Hon. Arumugam Thondaman for some personal tamashas including meals, liquour and etc.  Further Prajashakthi members mentioned that their salaries  of month January to March as not been paid and over 400 members have been affected due to this. with all these a batch of 140  members have been recruited during the election month and this got effected very badly.  Even their salaries is not paid up to date.

Furthermore this money has been lavishly spend on the instruction of the Prajashakthi, Navashakthi consultant Mrs. Rupalatha Maganthi Ramohan the women who is the close business partner of Arumugam Thondaman.  This woman organizes workshops, seminars, forums and use to get down underprivileged instructors from Hyderabad from cheap rate to participate in these events with the huge markup for her.   They also revealed Muttusivalingam who withdrew Rs. 50 million from his personal account of HNB branch in Nuwaraeliya just before the election and also they urged to accure the 24 acre mahaveli land which Sivalingam does huge cultivation farming with a luxury bungalow.

The Prajashakthi members also informed Hon. P.Dhigambaram to accure this land and distribute among the plantation workers for his highly popular ongoing housing project.  According to these members the foundation and CWC as gone to the hands of street dogs.  

We learn a special team of investigators had been detailed to conduct further investigation.  We will reveal more information in coming days.