COLOMBO: Janaki Siriwardhana, a well-known businesswoman in Sri Lanka, was arrested by the Criminal Investigation Department (CID) on Friday, Nov.4 in connection with a fraud case .
She was taken into custody in connection with the case against the owner of Thico Group of Companies (Pvt) Limited, Thilini Priyamali who is accused of a multi-billion rupee financial fraud.
Siriwardhana is the chief executive officer and director of One Transworks Square (Pvt.) Limited, the property developer of the tri-tower mixed-use development project in Colombo called ‘The One’.
Priyamali was arrested by the CID in early October for purportedly cheating businesspersons and high-profile political figures after befriending them by promising high returns for investing in her business.
Colombo Times learnt that the suspect had mediated several negotiations with innocent investors and made them invest in Thillini’s scam.
