The Police, in a detailed statement explaining circumstances leading to Yoshitha Rajapaksa's arrest, said there was evidence to suggest that the former President's second son functioned as the Chairman and the main decision maker of Carlton Sports Network. 

The Police said Rajapaksa's alleged involvement in the company was established after examining e-mails exchanged among members of the senior management of the company.

The statement also added the company raised an initial capital of USD 2.3 million through a transaction from a foreign company. The Police said the alleged transaction was illegal and it amounted to an act of money laundering.

The police also said the statements given by the suspects to the FCID failed to deny their complicity in the act in a convincing manner. 

The police were also investigating into various allegations against the suspects including preparation of fraudulent documents, breach of trust, offences under customs act and violations of the Company Act 

Rohan Welivita, Kavishan Dissanayake, Ravinath Fernando and Shadya Karunajeewa, four of the six arrested suspects, were founding directors of the company. Nishantha Ranatunga was the Chief Executive Officer.