Court bans sale and transfer of Udayanga Weeratunga’s properties

Court bans sale and transfer of Udayanga Weeratunga’s properties

A Sri Lankan court today issued an order enjoining the sale and transfer of property belonging to Sri Lanka’s former ambassador to Russia Udayanga Weeratunga.

The Financial Crimes Investigation Division (FCID) told the Colombo Fort Magistrate that after examining eight bank accounts of Weeratunga, who was a suspect in the MIG transaction fraud, it was found that 7 acres in Dompe worth Rs. 70 million, an acre in Colombo for Rs. 2.5 million and an apartment in the Trillium Housing Complex for Rs. 29 million have been bought under the suspect’s name.

The FCID requested the Colombo Fort Magistrate Lanka Jayaratne to suspend the sale and transfer of the properties.

Further, the FCID told the court that it was found that Rs. 20 million borrowed on the instructions of the suspect has been deposited in an account belonging to an aunt of the suspect at a bank in Kundasale and requested permission from court to examine the account.

Accordingly, the Magistrate ordered the bank manager to allow the FCID to examine the account.

The courts suspended 16 banks accounts of Weeratunga in January 2017 due to allegations of fraud in the purchase of Mig-27 fighters.

Weeratunga, who is a relative of former president Mahinda Rajapaksa, is alleged to have committed financial misappropriation to the tune of US$ 14 million while purchasing four Ukraine-built MIG-27 aircraft for the Sri Lanka Air Force in 2005.

The FCID) investigations had revealed that funds amounting to US$1.5 million had been deposited at various times to 16 accounts belonging to him at two private banks and few of Weeratunga’s bank accounts have received funds from Panama and Latvia.

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments