Oct 28, 2017

Enormous fraud over 260 m Burmese elephant! Featured

While importing an elephant for the Dalada Maligawa in 2007, the market price was concealed and indicated as Rs. 261,592,500 and invoiced as foreign exchange and sent overseas. This was indicated in the No. 97382 customs receipt, revealed the one man investigation committee member retired Supreme Court Judge Nimal E. Dissanayake.

While the cost of an elephant in the open market is around Rs. One to 1.5 million, those who carried out this transaction on behalf of the Dalada Maligawa had fraudulently increased the value and smuggled the money out of the country flouting the foreign exchange regulations, Customs regulations and is a punishable offence under Sri Lanka’s Penal Code, Dissanayake said.

The report submitted by the retired Judge on May 25, 2016 has been handed over to the President and he has pointed out that the law should be enforced against those who committed this fraudulent act.

Meanwhile, according to CID sources, many fraudulent transactions in relation to buying and selling of elephants are said to have taken place and investigations in this regard will commence in the near future.
The report issued by the one man investigation committee member retired Supreme Court Judge Nimal E. Dissanayake:

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