Colombo resident arrested for Rs. 65M financial fraud

March 13, 2025 at 10:53 AM

Officials from the Colombo Crimes Division (CCD) have arrested a 51-year-old Colombo resident for defrauding Rs. 65 million.

According to the Police, the man, a resident of Colombo 05, had obtained the money on two occasions for business activities.

Investigations reveal that the man had returned Rs. 30,200,000, but had absconded without returning the balance of Rs. 34,800,000.

The CCD is conducting further investigations. (Newswire)