The so-called financier in Hungama, Tangalle, “Daduwam Mudalali” is in the red to the tune of nearly Rs. 80 million to his investors, police said yesterday, as more and more complaints were coming in against him.
About 95 complaints have been lodged against him since he was arrested on Thursday Tangalle Senior Superintendent of Police (SSP) Neil Daluwatte told The Sunday Times last night. He is presently in remand custody, The SSP said many who lodged complaints feared they would lose their investments, as some of their cheques had already bounced.
The mudalali’s activities came to light following the revelation of the massive fraud by Sakvithi Ranasinghe who has swindled thousands of investors of nearly a billion rupees. Meanwhile, police said about a hundred people had staged a protest in Hungama declaring his innocence.
Free - for - all at Batti Red Cross AGM
Tables and chairs were smashed up as a scuffle broke out during the Annual General Meeting (AGM) of the Batticaloa branch of the Sri Lanka Red Cross Society yesterday, with police being called in, Batticaloa Red Cross officials said.
The scuffle erupted when the name of the current president, T. Vasantharajah was proposed for the same office for the coming year, they said. Some members protested, pointing out that Mr. Vasantharajah had held the position for the past 14 years. The AGM was adjourned without any decisions being taken the officials said. Mr. Vasantharajah declined to comment.
Legal eagles meet on Oct. 25
The National Law Conference will be held on the October 25 and 26 at the Blue Waters, Wadduwa with Chief Justice Sarath N Silva being the chief guest and the keynote address at the inaugural session delivered by Justice Saleem Marsoof PC.
Under the theme “The Law and the Legal Profession - The challenges ahead”, this year’s conference would be held as a residential conference for the first time.
Academic sessions presided over by senior judges and leading lawyers on Banking, Investment, Domestic Violence, Corporate Governance, Criminal Justice, Contracts and Human Rights will be held with speakers and panellists representing a cross-section of the official and unofficial Bars and also from other sectors. All sessions would conclude with a panel discussion chaired by senior judges and lawyers.
On the 25th evening the Bar will felicitate its members completing 50 years in the profession. The conference is organized by the Seminars Committee of the Bar Association of Sri Lanka.