Gampaha Sanasa Bank Chairman arrested for allegedly misusing funds over Rs 750 m

News

The Chairman of the Sanasa Bank in Gampaha was arrested today (Apr 19) for allegedly misusing funds worth over Rs 750 million belonging to depositors.

The suspect was arrested at a car park of a housing complex in Gampaha following a complaint filed at the Criminal Investigations Department (CID) by the Commissioner of the Co-operative Development Department in the area.

The Commissioner in a complaint to the CID had claimed that the Sanasa Bank Chairman had misused deposits belonging to approximately 5000 people.

Accordingly, Gampaha Police acting upon a tip-off received from a police officer in the area had apprehended the suspect along with a luxury vehicle in which he was travelling in at the time of the arrest.

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