Ex-Bank Director arrested for Rs. 910 million fraud: Police

COLOMBO (News 1st): The Criminal Investigations Department (CID) arrested a suspect for committing financial fraud to the tune of Rs. 910 Million, Sri Lanka Police said on Thursday (May 27). "A private bank in Maharagama was defrauded by the suspect and he was identified as a member of the bank's Director Board," Police Spokesperson DIG Ajith Rohana told News 1st. The offenses were committed in 2017 & 2018; and the suspect was arrested in Bibila on Wednesday (May 26) and was moved to Colombo, according to the Deputy Police Chief. The suspect was remanded until the 08th of June 2021 by the Nugegoda Magistrate's Court.