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HiCorp suspects indicted under 21 charges

Jul 12, 2010 12:17:56 PM - itnnews.lk

Suspects including former Army Commander Sarath Fonseka are indicted in the Colombo High Court under 21 charges with regard to the HiCorp financial fraud.

The indictments have been filed by the Attorney General. Sarath Fonseka, his son-in-law Danuna Tilakaratne and Wellington De Hoedt, Director of HiCorp Limited, are charged in this case. The Attorney General had indicted them for causing losses to the Sri Lanka Army via the handing over of a tender to HiCorp during the period November 1st, 2006 and 31st May 2009. The loss incurred is in the region of 299 thousand US Dollars. 48 persons have been cited as witnesses. 15 documents have also been produced.

The Attorney General filed another case in the High Court today against Ashoka Tilakaratne, the mother of Danuna Tilakaratne for breaching the Exchange Control Act. The case bas been filed for depositing in a private bank safe a sum of more than 70 million rupees without prior approval from the Central Bank.