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Sri Lanka Equity Forum » Stock Market News » Passports of Chanuka Ratwatte, 5 directors and GM Entrust impounded

Passports of Chanuka Ratwatte, 5 directors and GM Entrust impounded

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The passports of six former Entrust Securities’ directors including Chanuka Ratwatte and the former General Manager Sanjeeva Dayaratna have been impounded by the Colombo Magistrate’s Court on Monday pending the company’s investigation, informed sources said.The Colombo Magistrate’s Court has directed the Controller of Immigration to stop any one of the above individuals from overseas travel till the probe is completed, they said.

However Entrust Non Executive Director S. Jeyavarman's name is not in the court order, they added.The Central Bank (CB) some two weeks ago had urged the police to impound passports of the directors in view of a current investigation in the company, CB Governor Arjuna Mahendran said at the time.

Mr. Mahendran told Times Online that the case pertaining to the failure of Entrust Securities Ltd, a primary dealer in the money markets, has been handed over to the Criminal Investigation Department (CID) with a recommendation that the passports of Mr. Ratwatte and other current directors be impounded  pending the completion of the probe. – (Duruthu)

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