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Bail guarantor requests release in high-profile fraud case

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By AJA Abeynayake

A bail guarantor for Tushara Janaka Jayawardena, a former company director accused of defrauding approximately 90 million rupees, has sought to be relieved of his bail responsibilities. Jayawardena allegedly forged the signatures of fellow directors to open a bank account in the company’s name without their consent and diverted company funds into the account.

The request was made to Nugegoda Magistrate Ruchini Jayawardena by attorney Rangha Wickramasinghe, who cited the guarantor’s plans to leave the country for foreign employment. The magistrate directed the guarantor to secure a replacement by January 20, stating that further orders would be issued upon the submission of a new guarantor.

The case originates from a complaint lodged by Helitha Devmin Fonseka, a director of Heli Associates International Pvt Ltd, based in Nawala, Nugegoda. The company, which supplies furniture and equipment to local and international hotels, accused Jayawardena of embezzling funds after being appointed as a director following the death of Fonseka’s father in 2020. Jayawardena was later named the company secretary.

Documents containing the forged signatures of Fonseka and his mother were submitted for forensic analysis, with preliminary findings confirming that Fonseka’s signature had been falsified. Investigators also flagged a risk of Jayawardena fleeing the country, leading the magistrate to impose a travel ban.

The court has ordered the submission of banking records linked to both the complainant and the suspect to establish the full extent of the fraud. Investigations are ongoing, and a request to lift the travel ban was denied.



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