Company manager arrested over Rs.270mil fraud remanded

April 7, 2014 01:20 pm

The manager of a private financial institution, who was arrested on charges of defrauding around Rs 270 million from customers, has been remanded by the Anuradhapura Magistrate’s Court today.

The suspect was produced before Anuradhapura Chief Magistrate and Additional District Jude Ruwandika Marasinghe who ordered that he be remanded until April 09.

The manager was arrested recently in connection with the organized swindling of cash amounting around Rs 270 million belonging to clients of a prominent financial institution located on Maithripala Senanayake Mawatha in Anuradhapura.

The magistrate ordered the special crimes unit of the Anuradhapura Police to continue further investigations into the fraud and submit a report on their progress.

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