Sakvthi Ranasinghe and his wife pleaded guilty in the Colombo High Court today (19) to the charge of misusing the deposits amounting to Rs.164,185,000 by operating a financial institution.

The revised charge sheet presented by the Attorney General was read before Colombo High Court Judge Aditya Patabendi today.

The defendants informed the court that they would plead guilty to the charges.

The defendants also agreed in the court to pay the sum in 20 monthly installments of Rs.5 million each. Accordingly, the defence lawyers informed the court that the first installment will be paid today.

The Attorney General filed a revised charge sheet against the defendants for misappropriating an amount of 164,185,000 invested as deposits in a company called “Sakvithi Construction Company” in Nugegoda from January 01, 2006 to September 03, 2008.