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CSN case: Confiscation of CSN investment

The Sri Lanka Treasury today received Rs. 157. 5 million, when the Kaduwela Magistrate approved the transfer of the monies unclaimed.

The monies deposited in the name of a private company, at a private bank,  came under investigation when the Financial Crimes Investigation Department (FCID) of the Police opened investigation into the Carlton Sports Network (CSN).

The company in question however had stated that the monies did not belong to them.

They had expressed their willingness to have the monies transferred to the Sri Lanka Treasury.

The FCID thereafter filed a motion seeking approval from the Kaduwela Magistrate to have the unclaimed funds transferred to the Treasury.

Cabinet co-spokesman Dr. Rajitha Senaratne at the Cabinet press briefing today quipped this was probably the largest amount of ‘illegal’ or ‘stolen’ money received by the Sri Lanka Treasury.