A 27-year-old man and a 19-year-old woman have been arrested in connection with an alleged financial fraud involving Rs. 38.77 million obtained from individuals under the pretext of constructing houses, according to the Police Media Division.
The arrests were made yesterday (27), following an investigation launched by the Financial and Commercial Crime Investigation Division of the Central Crime Investigation Bureau, based on a complaint received over the alleged fraud.
Investigations revealed that the suspects had allegedly posed as company directors and collected money from individuals by promising to construct houses. However, the houses were only partially completed, and the suspects allegedly committed criminal breach of trust in relation to the funds received.
According to police, the total amount allegedly obtained through the scheme was Rs. 38.77 million.
The arrested suspects are residents of Pugoda and Dompe.
Further investigations into the alleged financial fraud are being conducted by the Financial and Commercial Crime Investigation Division, police said.
