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Mar 07, 2020

Major financial fraud at Upali Newspapers Featured

Sri Lanka Mirror learns that there has been a large financial fraud in Upali Newspapers, which publishes Divaina and The Island newspapers.

It is said that this fraud has been committed by an employee of the finance division and the distribution division.

It is reported that the employee of the financial division has defrauded around Rs. 10 million and the amount defrauded by the employee at distribution division amounts to Rs. 6 million.

It has been reported that the employee of the finance division has been suspended and the car given to him has been obtained by the company and the employee of the distribution division has also been suspended.

It is also reported that the employee of the distribution division is a close associate of the company's managing director.

However, Upali Newspapers has informed its employees that it has been looking at losses for some time and it is said that they have been given only half of the bonuses.

It is said that the employees of the company have been given two salaries as bonus.

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