Two individuals arrested over misuse of funds at SEC: Police

Nov 04, 2015 (LBO) – Sri Lanka’s Criminal Investigations Division has arrested two individuals, including a Securities and Exchange Commission (SEC) official, over the misuse of funds in 2013, the Police Spokesman said.

The investigation is into financial irregularities of 5 million rupees from 2013 involving the Tharunyata Hetak Fund.

In May, the CID questioned several officials of the SEC on a 5 million rupee grant by the regulator to a youth movement for ‘awareness creation regarding capital markets.”