The Criminal Investigation Department (CID) has arrested a 73-year-old man in connection with an alleged financial fraud involving forged property deeds in the Barnes area of Colombo 07.
The CID’s Financial Investigation Division launched an investigation following a complaint that fraudulent documents had been prepared in an attempt to unlawfully obtain funds connected to two properties.
As part of the investigation, CID officers arrested the suspect in Kalutara town yesterday.
Police said the suspect, a resident of Kalutara, had allegedly produced forged property deeds during court proceedings and subsequently sold the two properties.
The proceeds, reportedly amounting to around Rs. 10 million, are alleged to have been misappropriated.
The CID said further investigations into the alleged fraud are being conducted by its Financial Investigation Division.
