Investigating as per provisions in the money laundering act, the FCID found the money in 15 bank accounts to the names of seven companies.
Of that amount, Rs. 211 million had been spent, about which too, Gunawardena has failed to account for.
The money had been deposited as MD Cash and withdrawn as MD Withdrawal, his accountant and accounts clerk have admitted.
Acting on a complaint by Anti Corruption Front’s Wasantha Samarasinghe, the FCID on 27 June 2016 arrested Gunawardena.
Kept in remand custody for some time, he is presently on bail.
The attorney general is yet to advice on the next course of action although the investigation extracts were sent to him last September.