Fraudster who deceived thousands through illegal pyramid scheme arrested

News

(UPDATED) - A businessman who defrauded more than 36 000 persons and swindled over Rs 1.8 billion and his wife were arrested at the Bandaranaike International Airport today morning, Police said.

The businessman operating from Kurunegala, Dhammika Kumara Ranasinghe was arrested while returning from Malaysia while his wife Surangani Hemachandra, 42 was arrested while awaiting to receive him at the airport.

The businessman had attracted investments to an illegal pyramid system and later fled the country about a year back. He had evaded courts too.

Police said suspects have been handed over to the Financial Crimes Investigation Division (FCID) for further questioning. The Illegal Assets Division has launched a separate investigation into their assets and financial status as they have been holding several accounts.

both suspects have been remanded till november November 22

By T.K.G.Kapila

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