Sri Lanka, May 22 -- Disgraced English language tutor Chandana Veerakumara, popularly known as Sakvithi Ranasinghe and his wife, who were accused of operating an unauthorized financial institution and exploiting its deposits worth over Rs. 164 million obtained from the public, have been handed suspended sentences by the Colombo High Court, Ada Derana reporter said.

After the accused pleaded guilty, High Court Judge Aditya Patabendige sentenced the two convicts to one year of rigorous imprisonment. However, the sentence has been suspended for a period of 10 years. Additionally, the convicts were fined Rs. 25,000 each, Ada Derana reporter added.

The High Court Judge ordered the convicts be released following the payment of the fines and a...