NewsThe Colombo Fort Magistrate today further remanded the Chairman of Litro Gas Lanka Limited, Shalila Moonesinghe, till October 25 in connection with a financial fraud involving a Taiwanese bank. Moonesinghe had earlier been arrested by the Criminal Investigation Department (CID) in connection with the transfer of USD 1.1 million from the Far Eastern Bank of Taiwan to a personal bank account in Sri Lanka. The destinations included Sri Lanka, Cambodia and the United States. Meanwhile, the Ministry of Public Enterprise Development has directed the Chairman of Sri Lanka Insurance Corporation Limited to remove Shalila Moonesinghe from his post as Chairman of Litro Gas Lanka Limited. Litro Gas Lanka Limited is a fully-owned subsidiary of Sri Lanka Insurance Corporation (SLIC) which falls under the purview of the Ministry of Public Enterprise Development.

Source: Sunday Times October 11, 2017 08:48 UTC