INSUBCONTINENT EXCLUSIVE:
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
