Shalila Moonesinghe removed as Litro Gas Chairman

Published : 9:10 am  October 12, 2017 | No comments so far |  |  (105) reads | 

dfcsdfBy Darshana Sanjeewa  

Litro Gas Lanka Ltd Chairman Shalila Moonesinghe has been removed from his post by the Public Enterprises Development Ministry yesterday.  

 

Ministry Secretary Ravindra Hewavitharana, has directed Sri Lanka Insurance Corporation (SLIC) Chairman Hemaka Amarasuriya to remove Mr.  Moonesinghe from the post, as he was arrested under the Money Laundering Act.   Litro Gas Lanka Limited is a fully-owned subsidiary of the SLIC which falls under the purview of the Ministry of Public Enterprise Development.   Ministry said in a statement that the Secretary Mr. Hewavitharana has also directed the SLIC Chairman to appoint an Acting Chairman for the Litro Gas Lanka Ltd as soon as possible.

    Minister Kabir Hashim has instructed ministry secretary to conduct ministry level inquiry into the allegations. The Minister also instructed to provide necessarily legal assistance for the Litro Gas Lanka Ltd and the Bank of Ceylon because the money transaction was involved in a BOC account.  Moonesinghe, who was appointed as the Litro Gas Lanka Ltd Chairman by the then Finance Minister Ravi Karunanayake in 2015, was arrested by the CID in connection with the alleged transferring of USD 1.1 million from Far Eastern Internation

 

 


 

Shalila Moonesinghe re-remanded

By Yoshitha Perera   

Litro Gas Lanka Ltd former Chairman Shalila Moonesinghe and company executive Janaka Chaminda Nammuni were yesterday further remanded till October 25 by the Colombo Fort Magistrate’s Court.   

 

They were arrested by the CID on charges of the transferring of US$1.1 million from the Far Eastern International Bank of Taiwan to his personal account in Sri Lanka.    The CID informed Colombo Fort Magistrate Lanka Jayaratne that according to media reports that the Taiwanese Bank was hacked and US$69.5 million transferred to several accounts in countries worldwide including Sri Lanka.    The CID informed Court that according to the Taiwanese Bank the hackers had used malware to carry out virtual transactions transferring funds from accounts belonging to its customers to accounts in several countries such as Sri Lanka, Cambodia and the United States.   “Part of the money was transferred to the Bank of Ceylon (BOC), New York Branch while the rest was transferred to other countries,” a CID detective said.    The CID said the suspects had requested the BOC to transfer Rs. 50 million from their account to an account at the National Development Bank (NDB) but for some reason or other the money had not been transferred to that particular account.    The CID said the first suspect, Janaka Chaminda Nammuni was arrested while attempting to withdraw Rs. 80 million from an account at the BOC. He is reported to have withdrawn Rs.30 million from this account last Wednesday.   

It said the suspects had given Rs.10.5 million to two Indians on the day of their arrest and reportedly the two Indians had fled the country.    The CID informed Court that Taiwan’s Criminal Investigations Bureau was preparing to send investigators to Sri Lanka to seek further details on the arrest of the suspects accused of helping hackers to steal millions of US dollars from the bank.    It said the Taiwanese Bank had already recovered most of the stolen money leaving another US$20 million still outstanding.    The CID told Court it still could not identify the exact destinations to which funds were transferred and hoped to launch an investigation to record computer evidence.