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Suspect arrested over illegal pyramid scheme and criminal breach of trust
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Suspect arrested over illegal pyramid scheme and criminal breach of trust
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A 48-year-old person has been arrested by the Financial Crimes Investigation Division in connection with the operation of an illegal pyramid financial institution and the alleged criminal breach of trust involving individuals who invested money in the prohibited scheme.

The Financial Crimes Investigation Division had commenced investigations following a complaint received regarding the operation of an illegal pyramid financial institution and the criminal breach of trust involving individuals who had invested money in the prohibited pyramid scheme, said police.

Accordingly, investigating officers arrested a suspect on 05.11.2026 in connection with offences under the Prevention of Money Laundering Act and the Banking Act, relating to operating an illegal pyramid financial institution, earning money through it, promoting and advertising the scheme, managing its operations, and committing criminal breach of trust against individuals who had invested money in the scheme.

The suspect is a 48-year-old resident of the Panadura area.

Further investigations are being conducted by the Financial Crimes Investigation Division.

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