The Colombo High Court this morning indicted MP Udaya Gammanpila and Sydney Jayasinghe for using fraudulent power of attorney to sell shares belonging to an Australian businessman Brian Shadick.

MP Udaya Gammanpila were arrested on June 18 by the Special Investigation Unit (SIU) of the Police for three cases of fraud and misuse of funds after Brian Shadick, through his lawyer Lasitha Perera, filed a case against the two men.

Gammanpila and Jayasinghe are accused of misusing funds Shadick invested in Metal Recyclers Colombo, Ceylon Tea Garden and Pan Asia Bank through the company Australia Lanka Holdings, where Gammanpila functioned as the CEO.