Ex-SEC Chief Godahewa to appear before courts on 11 Dec.

Wednesday, 11 October 2017 00:00 - - {{hitsCtrl.values.hits}}

The case filed against former Securities and Exchange Commission (SEC) Chairman Dr. Nalaka Godahewa and two others, in connection with their alleged involvement in conspiring to misappropriate Rs. 5 million of funds belonging to SEC, was yesterday fixed for 11 December for a further trial by Colombo High Court Padmini R. Gurusinghe.

Three accused had been indicted on three counts which come under the 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 Perera and Tharunyata Hetak Organisation Sports Director Ronnie Ibrahim - had conspired to misappropriate a sum of Rs. 5 million of funds which were granted as a sponsor to the Tharunyata Hetak Organisation by the SEC and the money in question had been transferred to a bank account belonging to Ceylon Premium Sports Ltd., to promote rugby contrary to a decision of the SEC.

The third accused Ronnie Ibrahim has been charged for aiding and abetting this offence.

Senior Counsel Ranil Samarasuriya, with Sudantha Bandara and Niroshan Siriwardena, appeared for the accused.