Former National Savings Bank (NSB) Chairman Pradeep Kariyawasam, the husband of former Chief Justice Shirani Bandaranayake yesterday paid a fine of Rs.300,000 that was imposed by court on a previous occasion regarding a case filed by the Bribery Commission.
The case filed by the Commission before the Colombo Chief Magistrate accused the former NSB Chairman of causing monetary losses to the government amounting Rs.391 million unlawfully transacting with The Finance Company to purchase shares. He was found guilty to four charges on November 26 last year.
On the last occasion, the accused was sentenced to five-year-suspended sentence by the Colombo Chief Magistrate’s Court.
The former Chairman is an accused of having informed The Finance Company that the Bank would buy the relevant shares of The Finance Company by unlawfully making use of his official position as the Chairman of the bank.
It is also alleged that the former Chairman had made use of his official position to purchase the shares intentionally to cause monetary loss to the government by purchasing 7,863,362 shares of the Finance Company. It was also alleged that the Chairman had impressed on the management of The Finance Company to appoint Shan Chandrasekeran Shanmugam to the Director Board of The Finance Company by making use of his official position as the NSB Chairman.
The Bribery Commission alleged that the former NSB Chairman had committed an act punishable under Section 70 of the Bribery Act.
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