Disgraced English language tutor Sakvithi Ranasinghe and his wife, who were accused of operating an unauthorized financial institution and misusing its deposits worth over Rs. 164 million obtained from the public, have pleaded guilty to the financial fraud charges.
The revised charge sheet submitted by the Attorney General was read out when the couple was produced before Colombo High Court Judge Aditya Patabendi this morning (July 19).
Accordingly, the accused pleaded guilty to the revised fraud charges levelled against them.
The duo also agreed to pay off the sum of Rs. 164,185,000, which they had misused by swindling the depositors, in 20 monthly instalments of Rs. 5 million each.
