CID arrests 30-year-old over Rs. 59.6 million financial fraud

Newswire and Ada Derana report that the Criminal Investigation Department (CID) arrested a 30-year-old employee of a private institution in connection with an alleged financial fraud involving about Rs. 59.6 million. Newswire gives the alleged amount as Rs. 59,656,496.84.

Newswire reports that police allege the employee entered false information into the institution’s computer database and fraudulently obtained the money through bank accounts. Police identified the suspect as a resident of Maligawatte, according to Newswire.

Newswire reports that the CID’s Financial Investigation Unit (4) began its inquiry after a complaint alleging criminal misappropriation and breach of trust. A team from the CID’s Katunayake Unit made the arrest on Friday morning, the 30th, according to Newswire.

Newswire reports that further CID inquiries are underway to establish the circumstances surrounding the alleged fraud.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.