The FCID had initiated a probe following a complaint, lodged with its Officer-In-Charge Anura Premaratne, on 20 March this year, by the firm’s Chief Internal Auditor M.M. Sarath Kumara, a resident of Peliyagoda, that an alleged financial misappropriation had taken place.
According to the report compiled by the FCID, the Inspector General of Police had granted approval to the FCID on 26 November of 2015 to conduct a probe into the case.
As per the constitution of the Welfare Union, of the firm, a sum of Rs 100 had been claimed from its employees and that sum had been increased to
Rs 150 since 2017 and to date that amount had been levied from the workers, the complaint said.
In 2012, the former Chairman of the firm, Kingsley Ranawaka had obtained the value of a particular contract from sub contractors and in order to increase the non-refundable sum of 0.1 per cent, a management circular had been tabled and approval had been obtained to further increase that sum to 0.2 per cent, the FCID told the Magistrate.
Rs 1,217,750 in 2013 and a sum of Rs 17,647,179.67 in 2014 had been taken out of the firm’s account in contravention of its constitution, the FCID told Magistrate Dissanayake.
Of the aforesaid expenses on behalf of Premachandra, for the cash given to the Balanka Phosphate Company, the bills in that regard had been submitted and the balance cash or any bills or the expenses had not been given for an audit, the FCID informed the Court.
It has also come to light that no vouchers had been maintained by the Welfare Union of the firm in that period and for these alleged misappropriations, the Chairman, the Secretary and the Treasurer of the firm’s Welfare Union should be held accountable, the auditor had told the FCID, the latter reported to the Court.
The FCID told the Court that its investigators were further inquiring whether the offences had been committed under Sections 386, 389, 113 (a) and 100 of the Penal Code.