It is reported that the officers of the Financial and Commercial Crime Investigation Division arrested a suspect who had defrauded a financial institution without the approval of the Central Bank of Sri Lanka and defrauded an amount of 990 crore rupees yesterday (26).
Police say the suspect has been charged with criminal misappropriation of money, breach of trust and money laundering.
According to reports, the arrested suspect was the director and shareholder of the financial institution and he is a 54-year-old resident of Kandy Viewgarden area.