Former Coconut Cultivation Board GM arrested for alleged Rs. 77 million misappropriation
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
- Sri Lanka’s Election Commission asks Police to probe marked postal ballot on social media September 7, 2024
- Sri Lanka Customs hits record Rs. 1 Trillion revenue in first eight months of 2024 September 7, 2024
- Sri Lanka’s Finance Ministry clarifies debt restructuring and sustainability analysis September 7, 2024
- Sri Lanka President appoints four new judges to Court of Appeal September 6, 2024
- Woman arrested in Dematagoda with 62 counterfeit Rs. 5,000 notes September 6, 2024