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Hayleys MGT fraud prime suspects further remanded

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milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

The two prime suspects in the Hayley’s MGT Knitting Mills fraud case, were yesterday further remanded for a week by the Matugama Magistrate’s Court when the case came up for hearing.

The Matugama Magistrate refused to grant bail to the two suspects Bandula Weerasinghe, who was the former joint managing director and Roshan Gunaratne. Previously when the case was first heard on 30 May they were placed in remand custody until 13 June. A final ruling is likely when the case comes up next Monday.

Weerasinghe was arrested by the Criminal Investigations Department (CID) on 30 May and produced before the Matugama Magistrate along with the former General Manager of Stores Gunaratne. In the B-Report presented to the Matugama Magistrate the CID revealed that extensive evidence had been found to implicate the chief suspect in the fraud
http://www.ft.lk/2011/06/14/hayleys-mgt-fraud-prime-suspects-further-remanded/

http://forum.srilankaequity.com/u188

2Hayleys MGT fraud prime suspects further remanded  Empty oh.................. Tue Jun 14, 2011 1:56 pm

wallstreet


Senior Equity Analytic
Senior Equity Analytic

Dear Milank
Sad to say, one suspect is one of my relation.

However your posts are very good and well balance.

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

wallstreet wrote:Dear Milank
Sad to say, one suspect is one of my relation.

However your posts are very good and well balance.

Tks for your commets. HAYL was a real BLUE-CHIP in the past. I was reading thair annual report few days ago and wondering what the future holds for them...

http://forum.srilankaequity.com/u188

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