ETI Directors released on bail | Daily News

ETI Directors released on bail

Fort Magistrate Priyantha Liyanage yesterday ordered the release of Nalaka Edirisinghe, Jeevaka Edirisinghe, Anjali Edirisinghe, and Asanka Edirisinghe, who served as directors of ETI Finance and Swarnamahal Jewellers, on two sureties of Rs.1 million each.

The Magistrate also imposed a travel ban against them and ordered to inform the Department of Immigration and Emigration in this regard. The suspects were also ordered to appear before the CID every two weeks.

The Magistrate ordered that the case to be taken up again on March 3 and that a further reports be filed on that day. Attorney-General Dappula de Livera had instructed the CID to arrest the former board of directors of ETI Finance and Swarnamahal Jewellers and produce them in the court with regards to unauthorised acceptance of deposits worth Rs.13.7 billion, misappropriation, and money laundering.

It is reported that the Attorney-General has also decided to file indictments in the High Court against them. On the instructions of the AG, the Criminal Investigations Department arrested Jeewaka Hemal Edirisinghe, Anjali Deepa Edirisinghe, Nalaka Primalal Edirisinghe, and Asanka Srimal Edirisinghe last Tuesday and produced them at the Fort Magistrate’s Court, yesterday.