Three arrested over Rs. 41 Million Sri Lanka Land Development Corporation fraud

2026-02-11 - 03:49

Three people were arrested on February 10 over a Rs. 41 million loss to the government linked to the Sri Lanka Land Development Corporation, following a major procurement fraud investigation. The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) arrested a retired Chief Engineer, a Mechanical Engineer, and an Assistant Managing Director of a private company in connection with the case. The arrests relate to alleged irregularities in the procurement of two long-arm excavators, which reportedly caused financial losses to the state. The suspects were produced before the Colombo Chief Magistrate’s Court and were later released on bail.