Former Securities and Exchange Commission Chairman Nalaka Godahewa and several others are being investigated for an allegedly fraudulent deal with India's Krrish Company, the police told Colombo Fort Magistrate today.

This was revealed when the magisterial inquiry on the case against UPFA MP Namal Rajapaksa, concerning the misplacement of Rs 70 million of funds provided by the Krrish company, was held this morning.

The police informed court that Godahewa had allegedly promised to give a land to the company and had obtained Rs 40 million. A forged deed had been allegedly provided by Godahewa to the company.

An individual named Dinusha Sewwandi had accepted another Rs 7 million for preparing a project report, court was also told. In addition, an individual named Abdul Badurdeen has coordinated with lawyer Sujith Rohitha Perera who allegedly prepared the forged deed, the court was told.

Investigations are being carried out in this regard.

Meanwhile the police informed court that investigations have been completed on Namal Rajapaksa in the alleged misplacement of funds.