Home General Financial Fraud: 8000 Sri Lankans Lose Billions

Financial Fraud: 8000 Sri Lankans Lose Billions

The Criminal Investigations Department (CID) of Sri Lanka has launched an investigation into a financial fraud involving Rs14 billion in a fake crypto currency scheme. Police Spokesman Nihal Thalduwa said the alleged fraud was carried out by a Chinese couple and a Sri Lankan citizen and 8,000 people had fallen victim to it since 2020, reports Daily Mirror. The spokesman said the accused invited select individuals to five star hotels for lavish dinners and assured them of high profits if they invested in crypto currency. However, when investors tried to withdraw the profits they had earned, the accused didn’t allow them. The Chinese couple that was arrested at the Bandaranaike International Airport while trying to flee the country is now in custody. The Sri Lankan accused was produced in court earlier this month and is now out on bail. Some other suspects have been rounded up.

Nitin A Gokhale WhatsApp Channel