Sanjaya Mahawatta Alleges Financial Fraud Exceeding Rs. 5 Billion Involving Nation Lanka and Singha Capital

Sanjaya Mahawatta of the Civil Intelligence Front has alleged that a massive financial fraud exceeding Rs. 5 billion has taken place involving Nation Lanka, raising serious concerns over the handling of depositors' funds.

Speaking at a media briefing, Mahawatta claimed that funds belonging to Nation Lanka had been transferred to Singha Capital, an institution he alleged was not registered with the Central Bank of Sri Lanka.

He further alleged that by the time authorities raided Nation Lanka, the funds had already been transferred to Singha Capital.

According to Mahawatta, the transactions had taken place without the knowledge or consent of the depositors, raising questions about the security of their investments and the accountability of those responsible.

He described the alleged incident as one of the largest financial frauds in the country's history and called attention to the need for accountability over the missing funds.