Namal Rajapaksa Indicted for Criminal Misappropriation of Rs. 70 Million

Member of Parliament Namal Rajapaksa has been indicted by the Attorney General on charges of criminal misappropriation of Rs. 70 million in connection with the controversial Krish deal. The indictment has been forwarded to the Colombo High Court for further legal proceedings.

The case revolves around allegations that Rajapaksa misappropriated the funds from an Indian company, claiming the money was intended for promoting the sport of rugby in Sri Lanka. The funds were allegedly diverted under false pretenses, leading to charges of financial misconduct.

Earlier, the Police Financial Crimes Investigation Division (FCID) had presented the facts of the case to the Fort Magistrate's Court. Following the investigation, Rajapaksa was arrested as a suspect, brought before the court, and subsequently released on bail. The legal proceedings are ongoing as the case moves forward in the courts.

Note:

In July 2016, Member of Parliament Namal Rajapaksa, son of former President Mahinda Rajapaksa, was arrested by the Financial Crimes Investigation Division (FCID) on allegations of misappropriating Rs. 70 million. The funds in question were reportedly received from the Indian company Krrish Group, purportedly for sponsoring a rugby tournament in 2013. Following his arrest, Rajapaksa was produced before the Fort Magistrate's Court, where he was granted bail under specific conditions, including a cash bail of Rs. 50,000, three sureties of Rs. 500,000 each, and a travel ban. The court also permitted the FCID to examine Rajapaksa's bank accounts in four banks as part of the ongoing investigation.