Rs. 157.5 million invested to Carlton Sports Network illegally has been, on the orders of Kaduwela Magistrates Court, was credited to the account of the Secretary to the Treasury and this has been reported in writing to Financial Criminal Investigation Division (FCID) and the Treasury has confirmed it say reports.
While investigating the alleged financial frauds at the Carlton Sports Network (CSN) the Financial Crimes Investigation Division (FCID) had probed a deposit made to the amount of Rs. 157.5 million at a bank by a private company.
As the relevant company had informed the court that it had nothing to do with the money in question a request was made by the FCID to transfer this sum of Rs. 157.5 million to the Treasury for which the court had granted approval.
As a result of the investigations carried out by the FCID on alleged financial frauds related to the CSN network Yoshitha Rajapaksa and four other suspects were arrested on alleged financial irregularities at the Carlton Sports Network and later remanded. However, they were later released them under bail conditions.