Trial against former SEC Chairman on November 30

The case filed against three accused including Securities and Exchange Commission (SEC) former Chairman Nalaka Godahewa was yesterday fixed for further trial on November 30 by the Colombo High Court.

The Attorney General had filed indictments against Securities and Exchange Commission (SEC) former chairman Nalaka Godahewa and two others, in connection with their alleged involvement in conspiring to misappropriate Rs. 5 million SEC funds.

The case was taken up before Colombo High Court Judge Amal Ranaraja.

Three accused had been indicted on three counts under the Public Property Act.

The Attorney General further alleged that the three accused had committed this offence between August 6 and August 18, 2013. The Attorney General maintained that three accused Securities and Exchange Commission (SEC) former Chairman Nalaka Godahewa, SEC former Deputy Director General Dhammika Manjira Perera and Tharunyata Hetak Organisation sports director Ronnie Ibrahim had conspired to misappropriate a sum Rs. 5 million of funds which were granted as a sponsor to the “Tharunyata Hetak Organisation” (A tomorrow for youth) by the SEC and the money in question had been transferred to a bank account belonging to Ceylon Premium Sports Limited to promote rugby contrary to a decision of the SEC. The third accused Ronnie Ibrahim had been charged for aiding and abetting to commit this offence.