Finance manager who defrauded Rs.140 Mn remanded

Fort Magistrate Thilina Gamage ordered yesterday to remand the finance manager of a private export company accused of defrauding Rs.140 million till December 20.

The Criminal Investigation Department (CID) informed court that investigations revealed that he had been working as an employee of that institution for seven years and during that period, he had accessed the accounting system of that institution using its password and had defrauded Rs.140 million related to 222 cheques.

The panel of lawyers who appeared before court on behalf of the suspect informed the court that the cheques were signed by another director in addition to their client. The lawyers said annual audits are conducted and a special audit too has been conducted and the service record of their client suggest he had performed his duties properly.

They told court that this complaint has been made two years after their clients resignation from the said company.

They requested him to be released on suitable bail and the Magistrate rejected the request and ordered that he be remanded.

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