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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