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Businessman arrested for building apartments with LTTE funds |
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Staff Writer |
Thursday, 22 Jul 2010
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The Criminal Investigation Department yesterday arrested a leading businessman who had constructed an up-market condominium complex in Wellawatte allegedly with the money received from the LTTE.
The alleged deal came to light following a CID probe into 11 condominium complexes in Colombo. The suspect Sivakumar, alias Siva, is a Canadian citizen. He had lived in Wellawatte for a long time after his return to Sri Lanka and engaged in the construction of luxury apartments, sources said. The suspect’s apartment complex consists of 78 units and 40 of them have already been sold at Rs. 15 million each, according to the police. The condominium project was launched in 2005 while the CFA between the LTTE and the government was in force. Investigations have revealed that the suspect had deposited large amounts of money with several banks.(Island)
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28°C 
