Former Securities and Exchange Commission Chairman Nalaka Godahewa and two other individuals were summoned to appear before the Colombo High Court on January 21.

The Attorney General recently indicted Nalaka Godahewa and two other individuals over alleged financial fraud at the SEC.

They are allegedly involved in a fraudulent transaction of Rs 5 million. The money was to be paid to the 'Tharunyata Hetak' organization, but has been remitted to a company named Ceylon Premium Sports. It is alleged that the money in question was transferred as payment for some American artists.

On December 4, Police arrested former Deputy Director General of the SEC Dhammika Manjira Perera, and another individual named Ronny Ibrahim, over the alleged financial irregularity. Godahewa was arrested by the FCID on December 7.