Financial Times

12 bank accounts of F&G suspended

 

Twelve bank accounts maintained by F&G Property Developers Co Ltd at Seylan, Union,Hatton National, DFCC and Pan Asia banks were suspended by Colombo Fort Magistrate Nishantha Hapuarachchi when the F&G fraud case was taken up for hearing last week.

The Magistrate also directed the Central Bank to investigate and submit a three year audit report from 2006 of the company. Three Directors of the company Mervyn Jayasinghe, K.A.S. Jayatissa and Mohan Perera have been remanded till August 10 by Colombo Frt Magistrate in connection with alleged cheating of Rs.4.2 billion belonging to F&G depositors.


 
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