Wednesday, May 9, 2018

FCID gets Court nod to probe Cabraal’s bank accounts over Rs. 600 m alleged fraud

Wednesday, 9 May 2018 

logoThe Fort Magistrate and Additional District Judge Lanka Jayaratne yesterday allowed the Financial Crimes Investigation Division (FCID) to investigate the alleged financial fraud of Rs. 600 million of former Central Bank governor Ajith Nivard Cabraal.

The Magistrate ordered the former Central Bank governor to make a statement to the Police Crimes Division.

He also ordered the Finance Crimes Division to investigate the alleged misappropriation of Rs. 600 million for a project to obtain a consortium of other Commonwealth Games countries in the country.

The Magistrate had ordered the Police Crimes Division to produce a report indicating the progress of the investigations and the amount of money which had been spent in 2014, to bid to host the 2018 Commonwealth Games in Sri Lanka. However, the Commonwealth Games were held in Australia.