Two arrested over alleged Rs. 38.7 million housing construction fraud

October 28, 2026 at 10:02 AM
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Two individuals have been arrested for allegedly defrauding individuals of over Rs. 38.7 million by promising to construct houses and failing to complete the construction work.

According to Police, the suspects had posed as company directors and obtained money from individuals by promising to construct houses, but had only partially completed the projects.

Investigations revealed that the suspects had allegedly obtained a total of Rs. 38,770,000 through the fraudulent scheme, amounting to a criminal breach of trust.

The suspects, a 27-year-old man from Pugoda and a 19-year-old woman from Dompe, were arrested on Tuesday (27) following investigations into a complaint received by the Financial and Commercial Crime Investigation Division of the Central Crime Investigation Bureau.

Further investigations are being conducted by the Financial and Commercial Crime Investigation Division. (Newswire)