FCID arrests Nalaka Godahewa over misuse of SEC funds
Dec 07, 2015 (LBO) – Sri Lanka’s Police Financial Crimes Investigation Division has arrested Former Chairman of Securities and Exchange Commission, Dr. Nalaka Godahewa on charges of financial fraud involving five million rupees.
The Police said he was arrested after arriving at the FCID on Monday morning to provide a statement.
Two individuals including a Deputy Director General of the Securities and Exchange Commission have been arrested over the alleged irregularities occurred during the past years.
Dr Godahewa reminded me of the fate befallen on Rajat Gupta. Here is a well educated man, who held very senior positions in the industry. There was no need for him to bend rules to th whims and fancies of his political masters, that’s what he has done. Let Rajapakse robs public money. Why didn’t he resigned and go home, keeping his head high?