Bail sought in alleged fraud case
The managing director of a firm at Kollupitiya was recently allowed surety bail in a sum of Rs 250,000 by the Colombo Fort Magistrate and Additional District Judge Namal Ballale in a case of alleged cheating.

Managing director of Trans World Movers (Pvt.) Ltd., Suresh Marcellus was produced in court by Sergeant Sam Fernando of the Colombo Fraud Investigation Bureau (CFIB) for allegedly selling 15,600 shares of Ramani Marcellus of the same company and cheating her in a sum of Rs. 7.7 million
Lawyer Sarath Cooray who appeared for the suspect sought bail and said the transaction mentioned in the report filed by the CFIB had taken place while his client was in Australia. The case was put off for June 13.

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