A state bank manager has been remanded until February 09 over an alleged fraud exceeding Rs. 163 million, in which imitation items were pawned as gold at the very bank he served. 

Colombo Additional Magistrate Oshadha Migara Maharachchi issued the order following a request by the Financial and Commercial Crimes Investigation Division of the Criminal Investigations Department (CID).

The court was informed that the suspect had committed offences under the Public Property Act by carrying out the fraud on 26 occasions over two years. 

The suspect, identified as Indika Nishantha Adhikari, a manager of a state bank in Colombo, was arrested, produced in court, and placed in remand custody pending further investigations. (Newswire)

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