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Namal Rajapaksa remanded on misappropriation charge
View(s):By Wasantha Ramanayake
UPFA Hambantota Parliamentarian Namal Rajapaksa was remanded last Monday by the Colombo Fort Magistrate Ms. Lanka Jayaratne, until tomorrow, allegedly for misappropriating Rs. 70 million.
UPFA parliamentarians; they all came to see Namal Rajapaksa after he was remanded.
He was arrested on charges of misappropriating the money given by an Indian company to promote rugby in the country.The Magistrate refusing bail to former Sri Lankan Rugby Captain and the eldest son of former President Mahinda Rajapaksa, was ordered to be remanded in order to facilitate the investigations.
Investigators attached to the Financial Crimes Investigation Division (FICD) who produced suspect told court that the inquiry into the missing money was not over. They told court that an Indian real estate company called Krrish had granted the money for the promotion and development of rugby in the country. The company channelled the money through another person who had in turn given it to Namal Rajapaksa.
President’s Counsel Jayantha Weerasinghe appearing for Rajapaksa told court that his client had been taken into the custody without any evidence and requested bail. Further inquiry would be held tomorrow.