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High Court permits state to seize assets of VAT fraud convict

2014 Jun 09

By Chitra Weerarathne

The Colombo High Court Judge Ms. Kumudini Wickramasinghe yesterday granted permission to the state to confiscate the movable and immoveable property of the former Deputy Commissioner of Inland Revenue, Agampodi Gnanasiri de Zoysa Jayatillake, found guilty of the fraudulent use of four billion rupees, in the Value Added Tax fraud case.

 The High Court directed the Attorney General to assess the value of these properties belonging to Jayatillake and report to Court.

The High Court convicted Jayatillake of the aforesaid tax fraud and sentenced him to 102 years rigorous imprisonment.

The fine ordered by the High Court was three times the amount he had fraudulently obtained. The convict failed to pay this fine of Rs 12 billion and consequently the court ordered the confiscation of 38 bank accounts and the land owned by Jayatilake in Colombo and Kurunegala.

Tilak Marapana P. C. appeared for the convict.

Senior State Counsel Chamil Kularatne appeared for the Attorney General.

After the accused pleaded guilty to the 34 charges against him, he was sentenced to three years rigorous imprisonment for each of them. The sentences are to run concurrently. He has already been in remand for eight years.

 

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=104635

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