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* Litro Gas chairman Shalila Munasinghe arrested over hacked funds of Taiwanese Bank
Mon, Oct 9, 2017, 10:34 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 09, Colombo: The Criminal Investigation Department (CID) of Sri Lanka police today arrested a top executive of a state-owned business for allegedly hacking into a computer network and stole millions of dollars from a Taiwanese bank.

The CID Monday night arrested Shalila Munasinghe, the chairman of state-owned LP gas supplier Litro Gas, after he surrendered to the police through his lawyers.

Shalila Munasinghe was arrested by the CID in connection with defrauding the computer network of the Bank's headquarters in New York and fraudulently using Rs. 32 million in a Taiwanese bank.

Munasinghe was suspected of illegally entering a computer network of the Bank headquarters in New York and fraudulently transferring nearly Rs. 320 million from a Taiwanese bank.

It was reported that US$ 1.1 million stolen from the Far Eastern International Bank in Taiwan had been found in his bank account.

The Far Eastern International Bank was hacked by means of a computer virus and some US$60 million was wired to the accounts of the suspects at a Sri Lanka bank in the capital Colombo, Taiwanese news reports said.

Sri Lankan authorities have arrested a suspect last week when he tried to withdraw the money, and were looking for another person, according to the news reports.

Munasinghe is also the President of the New Democratic Front. President Maithripala Sirisena contested the presidential election in 2015, under the New Democratic Front.

He will be produced in the court tomorrow.


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