Sakvithi’s wife seeks bail from High Court

Thursday, 21 June 2012 02:35 - - {{hitsCtrl.values.hits}}

By Lakmal Sooriyagoda

The wife of Sakvithi Ranasinghe who had been remanded on charges of having been involved in Rs. 1 billion fraud along with her husband and several other suspects yesterday sought bail from the Colombo High Court. The bail application was filed through a lawyer who appeared on behalf of Kumari Anuradhani, Ranasinghe’s wife.

When the bail application was filed before Colombo High Court Judge Sunil Rajapaksa, the inquiry into the bail application was postponed for 27 June. Senior State Counsel Dileepa Peiris appeared for the Attorney General.

Peiris had informed Court that the Attorney General had taken initial steps to indict alleged billion-rupee fraudster Sakvithi Ranasinghe and several other suspects in the Colombo High Court, in connection with the defrauding of Rs. 1,060 million belonging to 2,135 depositors.

In this case, 23 people have been named as suspects and the prosecution hoped to call more than 200 witnesses to give evidence. The CID is conducting further investigations into the matter.