Former SEC Chairman allowed to travel abroad | Daily News

Former SEC Chairman allowed to travel abroad

The Colombo High Court yesterday permitted Securities and Exchange Commission (SEC) former Chairman Nalaka Godahewa to travel abroad between March 25 and April 15.

The Attorney General has filed indictments against Securities and Exchange Commission (SEC) former chairman Nalaka Godahewa and two others, in connection with their alleged involvement in conspiring to misappropriate Rs. 5 million of funds belonging to SEC.

When the case came up before High Court Judge R. Gurusinghe, President’s Counsel Kalinga Indatissa appearing for Nalaka Godahewa made a request to temporally lift his client’s travel ban. The case was fixed for further trial on March 19.

Three accused had been indicted on three counts which come under Public Property Act. The Attorney General further alleged that the three accused had committed this offense between 6 August and 18 August 2013.

The Attorney General maintained that three accused Securities and Exchange Commission (SEC) former Chairman Nalaka Godahewa, SEC former Deputy Director General Dhammika Manjira Perera and Tharunyata Hetak Organisation sports director Ronnie Ibrahim had conspired to misappropriate a sum Rs. 5 million of funds which were granted as a sponsor to the Tharunyata Hetak Organisation (A tomorrow for youth) by the SEC and the money in question had been transferred to a bank account belonging to Ceylon Premium Sports Limited to promote rugby in contrary to a decision of SEC.

The third accused Ronnie Ibrahim had been charged for aiding and abetting to commit this offence.

Deputy Solicitor General Asad Navavi appeared for the Attorney General.

Kalinga Indatissa PC with Senior Counsel Ranil Samarasuriya, Sudantha Bandara appeared for the accused.

 


 

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