Former Coconut Cultivation Board GM arrested for alleged Rs. 77 million misappropriation
Posted by Editor on March 25, 2024 - 12:48 pm
The former General Manager of the Coconut Cultivation Board was arrested for allegedly misappropriating over Rs. 77 million from the Employees Provident Fund (EPF), police said.
A senior police officer confirmed to the media that the 64-year-old suspect from the Delgoda area was taken into CID custody on Friday following an investigation into the complaint of alleged misappropriation of Rs. 77,722,691 from the EPF of the Board.
This fraud has allegedly taken place in 2015 and 2021, and the EPF money of the employees is said to have been given to others through cheques.
The suspect is scheduled to be produced before the Magistrate’s Court in Kaduwela, the police said.
Latest Headlines in Sri Lanka
- IMF third review talks with Sri Lanka successfully conclude November 22, 2024
- Professor Gomika Udugamasooriya appointed Senior Advisor to President on Science and Technology November 22, 2024
- Lohan Ratwatte’s wife further remanded until December 2, 2024 November 22, 2024
- Excavation begins near Veyangoda to uncover reported treasure November 22, 2024
- Thai vets plan to trim tusks of Muthu Raja, elephant repatriated from Sri Lanka November 22, 2024
