Grand Hyatt case EPF funds misappropriated in hotel project
Tuesday, 14 November 2017 00:08
According to the two ‘B’ reports filed before the Colombo Magistrate Court, Gamini Sedera Senerath, Piyadasa Kudabalage and H.K.D.W.M. Neil Bandara Hapuhinna are suspected for transferring a staggering Rs.4 billion to Helanco Hotels and Spa (Pvt) Ltd fraudulently in 2014 from Canwill Holdings (Pvt) Ltd, a fully state-owned enterprise, without Board approval.
