Suspect remanded in Ambalantota over questionable financial institution

Suspect remanded in Ambalantota over questionable financial institution

Suspect remanded in Ambalantota over questionable financial institution

Written by Bella Dalima

04 Jul, 2014 | 7:06 pm

An individual who was suspected to have operated an illegal financial institution in the Ambalantota area was remanded until July 17 after being produced before the Hambantota Divisional Court.

The individual was produced before the Hambantota Divisional Court on charges of carrying out an illegal financial institution in Hambantota and alleged fraud.

Officers from the Tangalle Crimes Division informed court on Friday that they have received over 1000 complaints against the suspect.

Hambantota Magistrate and Divisional Judge Isuru Neththikumara stated to exercise caution when carrying out financial transactions with such persons due to numerous reports of such illegal institutions.

The judge informed the defendants that the judiciary has no power to reclaim the money and advised the defendants to file a case in the civil courts.

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