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SAKVITHI RANASINGHE RELEASED ON BAIL

Sakvithi Ranasinghe who was allegedly involved in large scale financial frauds has been released on bail today by the Gangodawila Magistrate’s Court,  reporter said. 

He was released on a cash bail of Rs 500,000 and two personal bails of Rs 5 million.

Magistrate Ajith M. Masinghe also ordered him to appear before the Criminal Investigations Department once a month.  

Sakvithi is accused of swindling over 9000 million rupees in a fraudulent investment scam through his Sakvithi Group of Companies.
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