Controversial Figure Chandana Weerakumara Alias Sakvithi Ranasinghe Released On Bail After Nine Years

Controversial figure Chandana Weerakumara alias Sakvithi Ranasinghe was released on bail today by the Colombo Magistrate.

Ranasinghe, who is charged with fraud and financial misappropriation, spent nearly 9 months in remand custody.

He ran a financial company that misappropriated over Rs. 1620 million deposited by people. The company crashed in 2008 leaving thousands of depositors in a destitute situation.

It was later revealed that Ranasinghe's financial company was not registered with the Central Bank of Sri Lanka.

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