Disgraced English language tutor Chandana Veerakumara, popularly referred to as Sakvithi Ranasinghe and his better half, who were accused of running an unauthorized banks and exploiting its deposits worth over Rs.
164 million acquired from the general public, have been handed suspended sentences by the Colombo High Court, Ada Derana press reporter said.After the implicated pleaded guilty, High Court Judge Aditya Patabendige sentenced the 2 convicts to one year of extensive imprisonment.
The sentence has been suspended for a period of 10 years.
Furthermore, the convicts were fined Rs.
25,000 each, Ada Derana press reporter added.The High Court Judge ordered the convicts be released following the payment of the fines and after acquiring their fingerprints.Earlier, based on a contract in between counsels of petitioners and the accused, it was reported that out of the overall amount of cash the convicts had acquired from depositors, nearly 60% (around Rs.
98 million) had been repaid in month-to-month installments of Rs.
5 million beginning with July 2023.
Counsels for the convicts informed court those payments have been completed according to the agreement.Further, during the hearing, Presidents Counsel Jayantha Weerasinghe, who represented the convicts notified court that the very first convict had actually remained in remand custody for nearly nine years, and the second found guilty had been in custody for about two years.
He likewise discussed that the payments made by the convicts were moneyed by money raised by conducting tuition classes after their release on bail.The Presidents Counsel even more requested court to impose lenient sentences on the convicts, as their two kids are anticipated to wed in the near future.Taking into factor to consider the provided realities, the High Court judge consequently pronounced the final judgment.