News

Investigations launched into alleged Rs. 8 billion fraud in trading community scheme

Published

1 year ago

February 21, 2024

nipuni

The Criminal Investigation Department (CID) and the Central Bank of Sri Lanka have initiated separate investigations into a suspected fraud where a man and his wife are alleged to have defrauded approximately Rs. 8 billion from around 22,000 individuals across the country.

The fraudulent scheme, reminiscent of a pyramid scheme, involved promises of establishing a trading community and acquiring dollars for the country through the distribution of educational packages.

Complaints received by the CID and the Central Bank indicate that approximately 22,000 people fell victim to this fraud.

The suspect, who started a business school and a company in the Kurunegala area, claimed that investments would be made in a company in the United Arab Emirates, and the commission received would be distributed to the investors.

Preliminary investigations have uncovered the use of fake documents to deceive individuals into believing that the business school and the company were registered.

Investors reportedly invested amounts ranging from one to 1.5 million rupees, with some not receiving any benefits.

Both the CID and the Central Bank are actively pursuing the investigation to apprehend the individuals responsible for the alleged Rs. 8 billion fraud.

Source – dailymirror.lk

News

GoSL strongly rejects genocide claims & protests against monument in Canada

Published

2 hours ago

May 14, 2025

editor

Sri Lanka’s Foreign Minister Vijitha Herath today (May 14) met with the Canadian High Commissioner in Colomno to formally object to Canada’s approval and inauguration of a Tamil Genocide Monument in Brampton, Ontario.

Minister Herath had reiterated the Government of Sri Lanka’s strong objections regarding the unfounded genocide allegations and the approval of constructing such a monument, which complicates and undermines the government’s efforts toward reconciliation and national unity.The MFA statement issued in this regard is as follows :

Media Release Eng-3 Download

News

Harak Kata levels bribery allegations against Tiran & Deshabandu

Published

2 hours ago

May 14, 2025

editor

Notorious underworld figure – Nadun Chinthaka Wickremeratne, alias Harak Kata, has claimed that he is being detained in Tangalle over his refusal to pay a Rs. 300 million bribe allegedly demanded by former Public Security Minister – Tiran Alles and suspended IGP Deshabandu Tennakoon.
He levelled the allegations before reporters today (May 14) while he was being escorted by police from the Colombo Court Complex following a court hearing.

“There are so many things to say… I will reveal them then,” he had said before being taken back into custody.

News

Hayeshika granted bail (Update)

Published

2 hours ago

May 14, 2025

editor

Popular tuition teacher Hayeshika Fernando, widely known as ‘Teacher Amma,’ was granted bail by the Negombo Magistrate’s Court today (May 14) over allegedly assaulting a young man.

Her husband and the manager affiliated to her institute, who were previously arrested over the incident, have also been granted bail.

Hayeshika, who had been missing afterwards, had surrendered to the Negombo Magistrate’s Court today.

(Previous News on 14^th May, 2025 at 3:33pm)

Tutor Hayeshika surrenders to court

Popular tutor – Hayeshika Fernando, who had been evading arrest, has surrendered to the Negombo Magistrate’s Court.

President’s Counsel Anuja Premaratne, appearing on behalf of the accused, informed the court that his client had voluntarily surrendered.

Hayeshika’s husband and the manager of the institution she is affiliated with were recently arrested over the alleged assault of a young man.

However, Hayeshika had remained at large until her court appearance today. Three police teams were also appointed to arrest her.

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