Three Swarnamahal Jewellers directors arrested for misappropriation | Daily News

Three Swarnamahal Jewellers directors arrested for misappropriation

The Criminal Investigations Department arrested three directors of Swarnamahal Jewellers yesterday on the instructions of the Attorney General. They are Jeeewaka, Asanka and Anjali Edirisinghe. Attorney General Dappula de Livera yesterday directed the Inspector General of Police (IGP) to arrest the Directors of Edirisinghe Trust Investments

 (ETI) Finance and Swarnamahal Jewellers with regard to unauthorised acceptance of deposits of Rs.13.7 billion, misappropriation and money laundering.

The Attorney General’s Coordinating Officer, State Counsel Nishara Jayaratne said the Attorney General took further steps on the recommendations of the Presidential Commission of Inquiry and the Attorney General also decided to forward indictments against the Directors of ETI Finance and Swarnamahal Jewellers.

She said the instructions were given to the IGP by the Attorney General in this regard on October 23, 2020 and last October, the Presidential Commission of Inquiry had recommended the sale of businesses including ETI Finance was illegal and the government take immediate action to reacquire them. Evidence before the Commission had revealed that ETI Finance had illegally obtained Rs.6.480 billion in deposits by maintaining undisclosed accounts with the Central Bank of Sri Lanka (CBSL) and Swarnamahal Jewellers had illegally obtained Rs.7.2 billion in deposits from the public without being registered with the CBSL and without a valid licence, she added.

The Attorney General has decided to file indictment in the High Court against Jivaka Hemal Edirisinghe, Anjali Deepa Edirisinghe, Nalaka Primalal Edirisinghe and Asanka Srimal Edirisinghe, who served as directors of ETI Finance and Swarnamahal Jewellers.