A 30-year-old employee of a private institution has been arrested by the Criminal Investigation Department (CID) over an alleged financial fraud involving more than Rs. 59.6 million.
According to Police, the suspect is accused of entering false information into the institution’s computer database and fraudulently obtaining Rs. 59,656,496.84 through bank accounts.
The investigation was launched by the CID’s Financial Investigation Unit (4) following a complaint alleging criminal misappropriation and breach of trust.
A team of CID officers from the Katunayake Unit arrested the suspect on Friday (30) morning in connection with the alleged fraud.
Police identified the suspect as a 30-year-old resident of Maligawatte.
The CID said further investigations are underway to establish the circumstances surrounding the alleged financial fraud. (Newswire)