Colombo businesswoman Thilini Priyamali who was remanded over a large-scale financial fraud has been released on conditional bail.
The Fort Magistrate’s Court released her on strict conditional bail when the case pertaining to the financial fraud was taken up for hearing today (16).
Priyamali was arrested in early October for financially defrauding several businessmen, politicians, and civil, religious, and political leaders. Investigations into the financial fraud revealed that she had allegedly defrauded Rs. 1.28 billion.
The Criminal Investigation Department thereafter arrested and remanded Isuru Bandara, the alleged business partner of Thilini Priyamali.
In November, Buddhist monk Ven. Borelle Sirisumana Thero and Sri Lankan corporate personality, Janaki Siriwardana were arrested and remanded in connection to the financial fraud linked to Thilini Priyamali.
Janaki Siriwardana was working in the Colombo Fort Krish Project at the time of her involvement with Thilini Priyamali, during which she had introduced a businessman to Priyamali. The latter is accused of defrauding over Rs. 226 million from the businessman.
Ven. Borelle Sirisumana Thero was arrested based on information that was revealed during investigations into the financial frauds committed by Thilini Priyamali.
All suspects, including Thilini Priyamali, arrested over the financial fraud case have been released on bail as of today. (NewsWire)