Treasury Bill fraud: Two bank employees remanded

Sarath Malalasekera

COLOMBO: The Criminal Investigations Department (CID) probing a Treasury Bill fraud, amounting to over Rs.7.3 million, at a private bank yesterday produced two suspects, both senior bank employees, before the Colombo Fort Magistrate and Additional District Judge Namal Balalle and remanded till April 19.

The CID filing a report in connection with their investigations on the fraud told the Judge that according to the investigation all data of a dead person had been changed into another account of the same bank by using a computer system.

The CID also told court that several bank employees attached to the Computer section had also been involved in this racket.

The Treasury Bill account of the dead person had been opened in 2004, the CID told Court. After perusing the report before court the Judge directed the CID to submit a comprehensive report to court on April 19, 2006.

Yasantha Sanjeewa Wettegoda and Chanaka Hemal Pelangoda appeared for the two suspects.