The Attorney General says the government cannot intervene in the matter of the alleged financial fraud by the Finance and Guarantee Company, which is a member of the Ceylinco Group.

This observation was made by Deputy Solicitor General, Yasantha Kodagoda on behalf of the Attorney General when the case of the alleged financial fraud against the Finance and Guarantee Company was taken before the Colombo Magistrate's Court.

The CID filed a case against the Finance and Guarantee Company following an inquiry conducted by it and five persons including the Deputy Chairman of the Company have been cited as respondents.

  The Attorney General's representative however told court that the government could not intervene in the matter and requested for bail to be granted to two of the five accused.

Kodagoda had further observed that while the total amount of the money defrauded by the Ceylinco Group amounts to Rs. 55 billion, the money was no longer in circulation within the country. He had added that the moving out of the money from Sri Lanka has also attributed to the financial crisis faced by the country.