FCID arrests SEC Deputy DG over alleged fraud

The Financial Crime Investigations Division (FCID) yesterday arrested two individuals including Securities Exchange Commission (SEC)  Deputy Director General Dhammika Perera, over the alleged misuse of funds in 2013, the Police Media Spokesman said.

The arrest was done by the FCID in connection with an alleged Rs. 5 million fraud that had taken place at the SEC in October 2013. The other person arrested was Carlton Sports Club Director and well respected and near iconic rugby coach Ronny Ibrahim.

Police Spokesman Ruwan Gunasekara said those arrested would be produced before the Fort Magistrate’s Court.

The alleged fraud was over SEC releasing during the previous regime Rs. 5 million supposedly to Tharunyata Hetak promoted by the then President Mahinda Rajapaksa’s son MP Namal Rajapaksa, for capital market investor education. 

However it was alleged that the funds were indeed used for political purposes and cheque was given to Carlton Sports, also promoted by Rajapaksa family.