Fraudster CWC deputy president celebrates Thondaman’s b’day!
Jun 16, 2016
Deputy president of the Ceylon Workers Congress Karupaiah Ganeshamurthi got a half a page advertisement published in ‘Veerakesari’ to wish party president, minister Arumugam Thondaman, on his birthday.
This Ganeshamurthi is none of than the person who defrauded Rs. 115 million from a Sri Lankan businessman living in England, through a company called Rakshana Imports and Exports. The Colombo Fort magistrate’s court is taking up the relevant case no. B 2688/15.
The aggrieved businessman is one Mohamed Khan who runs a safety equipment business by the name Opentec System.
On 28 February 2013, Manager of Nations Trust Bank’s Kollupitiya branch Bimsara Seneviratne proposed that a Rs. 33 million letter of credit received by Rakshana Imports and Exports be cashed by keeping the fixed deposit owned by one Abdulla as security.
The manager said he was proposing thus, as the bank had no money to pay.
The bank manager also said the credit given to Rakshana Imports and Exports is being managed by the bank, and that the bank will receive a 12 per cent of its profits. The bank also promised to continue paying the interest for the fixed deposit. By winning the confidence of the businessman, the bank manager got him to sign the set-off documents.
Again, Bimsara has proposed to give a Rs. 85 million loan to Rakshana Imports and Exports by keeping the businessman’s money as security. The businessman refused in the beginning, but relented at the insistence of the bank manager and two more of its officers named Indrajith Gunasekara and Chanaka Pathirana, and again signed set-off documents.
Rakshana Imports and Exports owner Ganeshamurthi has continued to disregard repaying the money. When a complaint was lodged with the general manager of the bank, the businessman got to know that Rs. 115 million of his money placed as security had been written off in lieu of the unpaid money.
Accordingly, the CID made submissions to the Colombo high court over a criminal breach of trust of a sum of Rs. 115 million. Given below is how the money obtained by Ganeshamurthi got distributed.
Reports say minister Thondaman is going to intimidate the CID to get the investigation stopped. Therefore, the investigation against the owner of Rakshana Imports and Exports is likely to be swept under the carpet.
