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.
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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