LITRO Gas chairman Shalila Moonesinghe arrested over hacked funds of Taiwan bank

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The Chairman of Litro Gas Limited, Shalila Moonasinghe, who was arrested for alleged withdrawal of millions of U.S. dollars after hacking into Far Eastern Bank of Taiwan's computer system, has produced before Fort Magistrate.

The two allegedly hacked the bank's computer systems and were arrested after trying to withdraw money from their accounts.

Moonasinghe was arrested after US$1.1 million from the Far Eastern International Bank in Taiwan were found in his personal bank account.

Police said over the weekend that they were helping Taiwan authorities track down the worldwide criminals who hacked into computers at a Taiwan bank and stole millions of dollars last week.

Munasinghe is also the President of the New Democratic Front.

The Financial Regulatory Commission in Taipei confirmed that malware was used to breach the bank's SWIFT system, but no other comments were made.

Police in Sri Lanka did not disclose the name of the affected bank in Taiwan or the sum said to have been stolen, but a Sri Lankan media report said tens of millions of dollars had been wired out of the island.

The Far Eastern International Bank reported suspicious transactions to the United States, Cambodia and Sri Lanka.

Police in Sri lank have arrested two men in connection with the incident and the bank says that it has tracked down and recovered all but $500,000 of the stolen funds, and expects to eventually recoup the full amount.

The money was recovered and an court investigation is pending.

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