CID to investigate Rs.30 m fraud

Wednesday, 28 March 2012 00:49 - - {{hitsCtrl.values.hits}}

By Lakmal Sooriyagoda

The Criminal Inve-stigations Department had commenced an investigation into a complaint made by a Wellawatta businessman that he had been defrauded by another businessman to the tune of Rs. 30 million while being engaged in a sugar import transaction.

Making a complaint with CID, Kanagaraja Nadaraja of Wellawatta alleged that a businessman from Kollupitiya asked him to invest Rs. 30 million in a sugar import transaction on the promise of returning money with dividends. The complainant further informed CID that he requested that his money be returned on several occasion and the cheques issued to him bounced back.

The CID informed Colombo Fort Magistrate Kanishka Wijeratne that they were conducting further investigations into the incident.