Our recent CCD photometry (Lee et al. 1999) has shown, for the first time, that omega Cen has several distinct stellar populations, which is reminiscent of the Sagittarius dwarf galaxy. Here we present more detailed analysis of the data along with the population models. We confirm the presence of several distinct red-giant-branches (RGBs) with a red metal-rich sequence well separated from other bluer metal-poor ones. Our population models suggest the red clump associated with the most metal-rich RGB is about 4 Gyr younger than the dominant metal-poor component, indicating that omega Cen was enriched over this timescale. These features, taken together with this clusters other unusual characteristics, provide good evidence that omega Cen was once part of a more massive system that merged with the Milky Way, as the Sagittarius dwarf galaxy is in the process of doing now. Mergers probably were much more frequent in the early history of the Galaxy and omega Cen appears to be a relict of this era.