Former Sri Lankan president Ranil Wickremesinghe, who led the country during a devastating economic crisis, was arrested and remanded in custody on Friday over allegations he misused state funds while in office, police said.

Wickremesinghe, 76, who lost power in a 2024 election, had been investigated over a visit he made to Britain to attend a special graduation lunch as part of the celebrations of his wife’s honorary professorship at a university there, local media reported.

Police confirmed his arrest for alleged misuse of public funds, a police spokesman said.

“Former President Ranil Wickremesinghe has been arrested and produced in court. He will be in remand custody till August 26,” police spokesman FU Wootler told Reuters.

Wickremesinghe’s office did not respond to a request for comment from Reuters.

An ally from his United National Party (UNP) proclaimed his innocence and suggested the case was politically motivated.

“Ranil Wickremesinghe has never misused public funds or state funds,” UNP member Nishantha Sri Warnasinghe told reporters gathered outside the court complex where the former president appeared in Colombo.

“He was the person who stepped up and accepted the challenge to save this country when the economy collapsed,” Warnasinghe said. “That is the person who is being treated like this today by this government.”

Sri Lanka’s cabinet spokesperson did not immediately respond to a request for comment.

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Wickremesinghe, a lawyer who also served as Sri Lanka’s prime minister a record six times, became president in 2022 at the height of the Indian Ocean island nation’s debilitating financial crisis.

Wickremesinghe, who leads the UNP, took over after widespread protests caused by an economic meltdown forced his predecessor Gotabaya Rajapaksa to flee the country and later resign.

He finished third in last year’s presidential election – the first since the economic crisis – behind Marxist-leaning Anura Kumara Dissanayake, who won the vote, and opposition leader Sajith Premadasa.

The election was largely seen as a referendum on Wickremesinghe, who led a successful but fragile economic recovery that included painful austerity measures.

Born into a prominent family of politicians and businessmen with large media interests, in 1978 Wickremesinghe was, at 29, made the country’s youngest cabinet minister by his uncle, President Junius Jayewardene.

In 1994, following the assassinations of several of his senior colleagues, Wickremesinghe became leader of the UNP.