The Financial and Commercial Crimes Investigation Division of the Criminal Investigation Department (CID) has launched investigations into 22 former ministers and Members of Parliament over alleged misuse of funds from the President’s Fund between 2008 and 2024.
Police said that 22 files related to the disbursement of funds from the President’s Fund have been obtained by investigating officers as part of the inquiry.
Preliminary findings have revealed that more than Rs. 1 billion had been obtained by the individuals in question in varying amounts.
Investigations are currently underway to determine whether any irregularities occurred in the process of obtaining these funds.
Accordingly, CID officers have sought an order from the Colombo Fort Magistrate’s Court yesterday (April 2) to obtain details of cheques issued from the President’s Fund account as part of the ongoing investigation. (NewsWire)
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