Colombo Fort Magistrate Gihan Pilapitiya yesterday further remanded a company director till June 24 for allegedly defrauding the People’s Bank for Rs. 84,083,121.75 by cashing an allegedly stolen cheque issued by a foreign bank.

The suspect A.E. Indunil Priyantha Perera, the Managing Director of Kanko Araliya (Private) Ltd. was arrested by CID on a complaint made by the Manager of Colombo South Provincial Office of the People’s Bank alleging that the suspect had deposited a cheque alleged to have been issued by the Royal Bank of Canada for US $ 750,000 .

The complainant had alleged that the suspect had deposited the cheque in the People’s Bank Branch at Liberty Plaza at Colpetty. Thereafter within two days the suspect had withdrawn Rs. 84,083,121.75 from the bank.

When the bank submitted the concerned cheque to the Canadian Royal Bank for realization, the Canadian Bank had dishonoured the cheque stating that the payments had been stopped since it was a stolen cheque.

The Police informed the Magistrate that they were examining several documents and the cheque concerned. They also said that they wanted to record the statements from the bank staff and moved for a date to file their report.The Magistrate fixed further inquiries for June 24 and further remanded the suspect.