Man arrested over mortgaged vehicle racket

News

A 53-year old man was arrested yesterday (Mar 22) for purchasing mortgaged vehicles and selling the parts of these vehicles in Mirihana, Maharagama.

The suspect had made an initial payment to a leasing centre and purchased these vehicles which were returned by those who had failed to pay the lease. These vehicles were returned to the leasing centre on the premise that they would be handed back to the buyer after making the relevant leasing payment.

However, the suspect had paid a small amount to purchase the vehicles in order to sell its parts and accessories. Investigations had revealed that the suspect had sold around six vehicles at his workshop in Maharagama in a similar manner.

Police arrested the suspect who was also reported to have been operating a rent-a-car service, along with two motorcycles after complaints were filed by the people regarding the racket.

The suspect is due to be produced before the Nugegoda Magistrates Court today.

(Reporting by Damith Wickramasekara)

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 475 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 443 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 343 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 29, 2025

- 258 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

May 30, 2025

- 254 - 0

In Pix: Weather situation in Colombo

June 3, 2025

- 183 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.