CID flags absence of audit reports in 13bn rupee fraud investigation

The Computer Crime Investigation Division of the Criminal Investigation Department (CID) informed the Colombo Chief Magistrate Asanga S. Bodaragama today (29) that no audit reports related to the relevant division of a private bank exist in connection with an alleged fraud involving Rs. 13 billion through the bank’s general ledger account.

Investigators told court that although they had been instructed to obtain internal and external audit reports of the bank for the investigation, no such reports covering the relevant section were available.

They further stated that neither the internal and external audits nor the Central Bank of Sri Lanka audit reports included any review of the payments and settlements division linked to the incident.

The CID also informed court that statements will be recorded from senior officials in charge of the general ledger and suspense accounts, and that any arrests will be made if criminal activity is uncovered.

The Magistrate ordered that all suspects currently in remand custody be further remanded until June 12.

Additional Solicitor General Janaka Bandara appeared on behalf of the Attorney General.