Lankan Ranger
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Indian fraud scheme in Sri Lanka
Five women and three men were produced before the Kandy Chief Magistrate yesterday in connection with an 80 million rupee alleged fraud by two Indian nationals and were remanded till the 19th of November.
The scheme operated by inviting potential investors to deposit Rs. 14,000 for a type-setting project along with a project of type-setting a story book.
At the completion of the project the investment would be returned with an additional Rs. 6, 500 as returns.
The Indian nationals are believed to have fled the country. Those affected had lodged a complaint at the Kandy Police Special Crimes Investigation.
Another suspect has been arrested according to SCB Chief Inspector Athulathmudali. Another suspect is on the run,he said.
According to Police the two Indians had come to Sri Lanka on a Tourist Visa and had no approval from the BOI for any business in Sri Lanka. The fraud came to light when the doors of the office known as Sun Lanka, at Raja Veediya in Kandy closed down recently.
Some have deposited for two projects while some young men had paid for upto four to five projects at the rate of rupees fourteen thousand each. Only a few lucky ones had been given the returns.
Indian rope trick in Kandy
Five women and three men were produced before the Kandy Chief Magistrate yesterday in connection with an 80 million rupee alleged fraud by two Indian nationals and were remanded till the 19th of November.
The scheme operated by inviting potential investors to deposit Rs. 14,000 for a type-setting project along with a project of type-setting a story book.
At the completion of the project the investment would be returned with an additional Rs. 6, 500 as returns.
The Indian nationals are believed to have fled the country. Those affected had lodged a complaint at the Kandy Police Special Crimes Investigation.
Another suspect has been arrested according to SCB Chief Inspector Athulathmudali. Another suspect is on the run,he said.
According to Police the two Indians had come to Sri Lanka on a Tourist Visa and had no approval from the BOI for any business in Sri Lanka. The fraud came to light when the doors of the office known as Sun Lanka, at Raja Veediya in Kandy closed down recently.
Some have deposited for two projects while some young men had paid for upto four to five projects at the rate of rupees fourteen thousand each. Only a few lucky ones had been given the returns.
Indian rope trick in Kandy
