Three former Directors of Swarnamahal Jewellers Ltd. have been arrested for running an unauthorized finance business, says the Attorney General’s Coordinating Officer State Counsel Nishara Jayaratne.

Attorney General Dappula de Livera, earlier this evening (05), had directed the Inspector General of Police (IGP) to conduct a criminal investigation against the Directors of the ETI Finance and Swarnamahal Jewellers Ltd.

Further directives later came to arrest former Swarnamahal Directors Jeewaka Edirisinghe, Anjalee Edirisinghe and Asanka Edirisinghe and produce them before courts.

State Counsel Jayaratne said that the investigations are being carried out over the unauthorized acceptance of deposits worth Rs 13.7 billion, misappropriation, and money laundering.

The Attorney General has also decided to forward indictments against the Directors of Swarnamahal Jewellers for conducting an unauthorized finance business.