The bail application of Sicille Kotelawala was rejected by the Colombo High Court today, and she was further remanded till April 27, 2016.
The wife of Lalith Kotelawala, chairman of Ceylinco Consolidated, she, along with her husband and several others were charged for financial fraud amounting to billions of rupees in the Golden Key Credit Company scam.
Sicille Kotelawala, fled the country in 2008 and has been evading arrest since then. However, on February 4th, upon her return to the country, she was arrested at the Bandaranaike International Airport and was subsequently handed over to the CID.
The total amount misappropriated in the Golden Key scam is believed to be Rs. 26 billion.