The Attorney General indicted former Securities and Exchange Commission Chairman Nalaka Godahewa and two other individuals over alleged financial fraud at the SEC.

They are allegedly involved in a fraudulent transaction of Rs 5 million. The money was to be paid to the 'Tharunyata Hetak' organization, byt has been remitted to a company named Ceylon Premium Sports. It is alleged that the money in question was transferred as payment for some American artists.

The alleged fraud occurred on a date between August 6 to 18 in 2013.

Godahewa was arrested on December 07 by the police Financial Crimes Investigation Division (FCID) after he arrived at the SEC to give a statement.

On December 4, Police arrested former Deputy Director General of the SEC Dhammika Manjira Perera, and another individual named Ronny Ibrahim, over the alleged financial irregularity.