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Still in remand custody

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Priyamali short of money:

The owner of the Thico Group Private Ltd, Thilini Priyamali who was held in remand custody for alleged misappropriation of more than Rs.1.3 billion of funds invested

 in her companies, failed to fulfill the strict bail conditions imposed on her by the Colombo Fort Magistrate’s Court.

On November 13, Fort Magistrate’s Court ordered to release Thilini Priyamali on a cash bail of Rs.50,000 and two sureties of Rs.10 million each.

Priyamali has been granted bail in respect of eight cases filed over a number of complaints relating to financial frauds.

The Magistrate further ordered her to handover her asset certificates to court.

Family sources told Daily News that Thilini Priyamali has not been able to fulfill the aforesaid bail conditions due to lack of money.

Wednesday, December 21, 2022 – 01:15

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