The Inland Revenue Department has informed the Colombo Additional Magistrate’s Court that it intends to file indictments before the Colombo High Court against Sri Lankan model Piumi Hansamali and Aura Lanka Group Chairman Viranjith Thambugala over alleged tax evasion.

Senior State Counsel Dinesh Perera, appearing on behalf of the Commissioner General of Inland Revenue, told the court yesterday (July 31) that investigation reports have been submitted to the Attorney General, and that indictments are expected to be filed soon before the High Court.

According to the Mawbima newspaper, Piumi Hansamali is accused of failing to pay Rs. 194 million in personal income tax for the years 2022 and 2023, including Rs. 95 million in tax owed through business activity under the company named “Lolila”.

Chairman of Aura Lanka Group, Thambugala, is also accused of evading Rs. 194 million in income and additional taxes, including penalties and interest, during the same period.

The Inland Revenue Department alleges that both individuals committed willful tax evasion under Sections 186, 189, and 190 of the Inland Revenue Act No. 24 of 2017.

The department also submitted updated progress reports on the investigations to the court, noting that both suspects had deliberately deprived the State of taxes due. (Newswire)

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Chairman of Aura Lanka Group of Companies, Viranjith Thambugala who was arrested by Police over allegations of financial fraud has been granted bail. 

Thambugala was granted bail by the Colombo Magistrate Pavithra Sanjeewani Pathiraja today.

According to Lankadeepa newspaper, Thambugala was arrested on allegations of having defrauded Rs. 70 million on the promise of purchasing a helicopter.

He was arrested by the Criminal Investigations Department (CID) based on a complaint filed by I.W.S. Holdings, after which he was remanded last Wednesday. 

The business ventures of the former owner of the ‘Dambulla Aura’ team in the Lanka Premier League (LPL), have been under the scrutiny of authorities. (Newswire)

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Chairman of Aura Lanka Group of Companies Viranjith Thambugala has been arrested by Police over allegations of financial fraud.

Thambugala was remanded until May 27 when he was produced before the Colombo Magistrate’s Court today.

Thambugala’s business ventures have been under the scrutiny of authorities, while he was also cleared of charges related to an unauthorised entry into the Anuradhapura Prison. (Newswire)

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