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Gamanpila, Jayasinghe indicted in misappropriation case

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Parliamentarian Udaya Gammanpila and Sydney Jayasinghe were indicted by Colombo High Court on October 3 allegedly for misappropriation of Rs. 21 million following a fraudulent share transaction that took place in 2000.

They are currently out on bail. The indictment by the Attorney General (AG) alleges that MP Udaya Gammanpila has cheated Rs. 20 million and misappropriated another Rs. 21 million along with Sydney Jayasinghe, the second accused when selling shares of Digital Nominees to a businessman called Dhammika Perera and that the alleged business transaction had taken place using a fraudulent power of attorney to sell shares belonging to Australian businessman Brian Shadick.

 

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