Sakvithi arrested

6 August 2010 08:46 am - 89     - {{hitsCtrl.values.hits}}

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By Indika Sri Aravinda

The most wanted fraudster Sakvithi Ranasinghe and his wife have been arrested and are now in police custody in Sri Lanka.

Intelligence sources told Daily Mirror online that Sakvithi had altered his appearance and was using a Tamil name at the time he was arrested by the Mirihana Police and had in his possession monies worth more than Rs. 150,000. 

Sources added that he was arrested in Kaduwela following information provided by a Civil Defence Force officer and had reportedly returned to the country from India two months ago. He was handed over to the CID for further investigations. 

Sakvithi is accused of swindling more than 1,000 million rupees. Police say they had received more than 2,900 complaints. Senior policemen, soldiers, a woman athlete, cricket players and prominent social figures are among the victims.

Sri Lanka had earlier sought Interpol assistance to arrest the man in connection with what might have been the largest single cash defraud in the country.

An arrest warrant was issued against him in connection with the activities of the finance company in which thousands of Sri Lankans have deposited their savings. (Daily Mirror online)

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  Comments - 89

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  • Top Sri Lankan Friday, 06 August 2010 09:53 AM

    Are our POLICE really intelligent or Shakvithi really stupid? After stealing 9000 million even a fool wouldn't have chosen to stay in his own country.

    Faqi Friday, 06 August 2010 03:44 PM

    I hope they could recover some of the monies at least so that people who he defrauded could be paid. Money just does not vanish into thin air, its deposited someplace or hidden.

    Jim Jam Friday, 06 August 2010 10:06 AM

    I pray he may not be given the same priviledges as Lalith K of Golden Key

    MagodisThuma Friday, 06 August 2010 10:08 AM

    Now he also can join with KP to support Govt !.

    siri Friday, 06 August 2010 03:52 PM

    Sure he follows KP

    Girigoris Friday, 06 August 2010 10:10 AM

    Well here comes a new Minister.

    siri Friday, 06 August 2010 03:54 PM

    As usual

    hb Friday, 06 August 2010 10:11 AM

    Hats off to the Police for a great job done!!!

    arshad Friday, 06 August 2010 10:14 AM

    What action will be taken against him and also what action will be taken to recover what was stolen by him to be returned to there rightful owners

    Analyst Friday, 06 August 2010 04:07 PM

    There are so many like him, robbing public assets!

    Nande Friday, 06 August 2010 10:20 AM

    Thanks god!

    Kabala Friday, 06 August 2010 04:15 PM

    Kothalawala is the most dangerous fraudster in SL, but he is free; why is that?

    KD Friday, 06 August 2010 10:32 AM

    he will be given the ministry of Finance in November!!!

    Holman Friday, 06 August 2010 10:33 AM

    Police Dept, pls pls don't give him VIP treatment.

    sarath Friday, 06 August 2010 04:26 PM

    Nothing will happen folks! He will be another KP!

    kumar Saturday, 07 August 2010 10:58 AM

    i hope he will be another KP

    malkanthi Friday, 06 August 2010 10:45 AM

    well said, the mask he was wearing was not water proof, as a result mask was dissolved the real sakvithi appeared, what a mad guy to have a bath in public wells.

    Vishaka Monday, 09 August 2010 06:08 AM

    Wel done.if you have done something,even they are good or bad they will definietly return back to you some day.

    Ibnu Batuta Friday, 06 August 2010 04:43 PM

    A GOOD CATCH!

    Concerned Friday, 06 August 2010 04:45 PM

    As per the money that is in his possession, he can follow in the footsteps of KP!

    nmn Friday, 06 August 2010 10:53 AM

    exactly indika this is the problem most srilankans have..at once without any proof or findings they come to conclusion...even the depositors also did the same thing by being greedy to the highest return of these kind of fraudster they dump their money....

    channa Friday, 06 August 2010 10:54 AM

    Well Done Sri Lankan Police.....

    channa Friday, 06 August 2010 10:57 AM

    Stop speculating.......Lets all thank the police for catching him after so many months on the run....

    rohan Friday, 06 August 2010 11:11 AM

    See the comments. I am sorry to say that people have lost the trust over government as the law has gone to dog in our country.

    nizar Friday, 06 August 2010 11:19 AM

    he will go to politics ????????????????

    John Friday, 06 August 2010 05:24 PM

    What goes around, comes around! It's payback time for Sakvithi!

    Hope Friday, 06 August 2010 11:25 AM

    Let ask him get registerd under Kabral CB as registerd finance act.(like before) ha ha haaa....

    Indika Friday, 06 August 2010 11:28 AM

    These are the same set of people who alway talk against the government even for good thing or bad. Typical "Opposition". Don't be so excited !!

    izzy Friday, 06 August 2010 08:09 PM

    He has all the requisite qualifications and a natural aptitude to contest the next presidential election in Sri Lanka!

    S.H.M Friday, 06 August 2010 08:15 PM

    How did he get out of the country without being detected?

    mohandev Friday, 06 August 2010 12:25 PM

    Brilliant work by our security forces guided by our master strategist GR. Who else must get the credit for this................

    mohandev Friday, 06 August 2010 12:27 PM

    Must be holes in your house.............

    mohandev Friday, 06 August 2010 12:28 PM

    How much did he pay you when you were his agent collecting deposit commissions ????

    kadun Friday, 06 August 2010 11:02 PM

    he he he

    shan Friday, 06 August 2010 11:41 PM

    Ideal candidate as a finance minister to this government..!

    Man B Friday, 06 August 2010 12:40 PM

    seems like a poor guy!!!

    flemiya Friday, 06 August 2010 12:41 PM

    sakwithi uncle, pls return our money Will you?

    Hash Friday, 06 August 2010 12:42 PM

    cant believe im telling this, but well done.. Thumbs up !

    SW Friday, 06 August 2010 12:45 PM

    Will he go free like Kotalawala.

    tishan Friday, 06 August 2010 12:49 PM

    He will die or dissapear.His money will disappear too.Or he will be another KP.

    Mahintha Rajapasse Friday, 06 August 2010 01:10 PM

    well Done Police I will always help the people who enforce the law, non corrupt, non biased, democratically elected and respect democracy.

    DON Friday, 06 August 2010 01:22 PM

    I have not done any worng .All depositors volunteered to loose their money- statement of sakvithi to CID

    gdgdgd Saturday, 07 August 2010 02:03 AM

    Nice work

    dishan Friday, 06 August 2010 01:36 PM

    does he work for Civil Defense force? give due credit where its needed man.

    menaka Saturday, 07 August 2010 05:15 AM

    oh yeah.. pay back time!!!

    anura Saturday, 07 August 2010 05:29 AM

    a great job done by SL police.... hope no one appear to offer him cake and tea......

    rasika Friday, 06 August 2010 08:51 AM

    Well done! thanks to our police and intelligence service

    Edwardo Baltazar Friday, 06 August 2010 08:52 AM

    i cannot belive this..........but any way a good news for the greedy investors who dumped their the whole life savings on shakvithis den

    nishan Friday, 06 August 2010 08:53 AM

    well done . from where ??

    janaka Friday, 06 August 2010 08:53 AM

    where was he ?

    Rhonda Taylor Friday, 06 August 2010 08:54 AM

    I certainly hope he is treated like a fraudster and not as a VIP He should be thrown into jail like a common criminal for taking innocent pensioners for a joy ride. All his assets should be confiscated, sold and the depositors should be paid back. I am sure he has buried the pot of gold in some other country, no doubt about that. There should be no political interference whatsoever and the law should proceed.

    Nihal Fernando Friday, 06 August 2010 08:55 AM

    It is good news but will it help the poor rich investors to recover their money?

    DHA Friday, 06 August 2010 08:55 AM

    Our Next Presidential candidate ?

    Mafa Friday, 06 August 2010 08:55 AM

    Is he the real shakvithi? are u sure its shakvithi? coz our police always arrest the wrong people.

    blackwidow Friday, 06 August 2010 08:57 AM

    within sri lanka it self

    pj Friday, 06 August 2010 08:58 AM

    So.... the Police managed to find out another financier !!??...Also you can see another NGO to develop the South under his Leadership sooner or later.!!!

    Prageeth Friday, 06 August 2010 08:58 AM

    I don't know.

    athula Friday, 06 August 2010 09:00 AM

    take my word ......nothing will happen
    this is the second chapter of ceylinco saga......

    Herman Munster Friday, 06 August 2010 09:01 AM

    wow, this is a goodnews for his customers

    dilmi Friday, 06 August 2010 09:02 AM

    well done!!! the most important news heard in this year.

    Renuka Friday, 06 August 2010 09:02 AM

    very good, wrong things don't last long. Was he in SL all this time

    rokSami Friday, 06 August 2010 09:06 AM

    Shrewder than KP. Arrested or came out of the hole?

    Kalhari Ratnayake Friday, 06 August 2010 02:51 PM

    Give this man the firing squad.

    MK Friday, 06 August 2010 09:10 AM

    he was having a bath at a road side well!!

    Just Another Citizen Friday, 06 August 2010 09:15 AM

    So he left the country just before they wanted him and then came back to the country getting past security at the Airport? Or did he use a submarine to come back?

    mata nikang hithuna Friday, 06 August 2010 09:15 AM

    Puh! what good news. This is a good news for certain people but not for the depositors. He will get the VIP treatment until they sucked out the last rupee.

    rama Friday, 06 August 2010 09:15 AM

    another k.p

    Lanka Atapattu Friday, 06 August 2010 02:56 PM

    The biggest news I ever heard after catching Prabakaran

    OLD Friday, 06 August 2010 09:17 AM

    Will be treated like KP, KP II ????

    Sumu Friday, 06 August 2010 09:18 AM

    Great In Excellent work.

    Hash Friday, 06 August 2010 09:20 AM

    Now, how is he going to repay everyone ??

    Karolis Friday, 06 August 2010 02:59 PM

    if he have more mony in his account, government will change him......Like KP ha ha ha ......

    mata nikang hithuna Friday, 06 August 2010 09:21 AM

    If I am the leader of this country I give Sakvithi a little and the rest I use for developing Sri Lanka.

    Jiffry Friday, 06 August 2010 09:22 AM

    I wont be surprised if he is also freed like KP.

    Indika Friday, 06 August 2010 09:23 AM

    Don't you know, in Golden key case, court ordered to sell, golden key eye hospital and some others and settle depositors. Don't jump at once without knowing facts.

    Agent Zer08 Friday, 06 August 2010 09:26 AM

    finally Sakvithi saga is over. Well done sri lanka police! & now where is Rs. 9,000 million?

    thumi Friday, 06 August 2010 09:27 AM

    fool why did you come back to srilanka..??

    bhathiya Friday, 06 August 2010 09:32 AM

    for sure nothing will happen to him.

    Ronald Friday, 06 August 2010 09:37 AM

    If he jumped from the country he wouldn't have come back. That's a basic theory no one would have . This is some connection with the government

    Ruzy Saturday, 07 August 2010 07:33 AM

    The civil defence person must be recognized by government to set an example for others!!!It will encourage others to aware of criminals!

    SYDNEY GAJANAYAKE Friday, 06 August 2010 03:14 PM

    well done mirihana police go ahead

    Dheen Friday, 06 August 2010 09:42 AM

    I heard that he is going to finance the government in its development activities.

    Mohan Friday, 06 August 2010 03:34 PM

    you never cought him, he was there all thse time

    david Friday, 06 August 2010 09:46 AM

    After KP another Jackpot?

    bash Friday, 06 August 2010 09:47 AM

    WELL DONE... Hope he doesnt turn out to volunteer to become a state witness

    Nimal Friday, 06 August 2010 09:49 AM

    Let him be tried according to Penal code irrespective of what crime he has committed. Don't implement the law of the jungle, like tying him to a tree....

    MangoTree Friday, 06 August 2010 09:49 AM

    now this is the sort of situation where he should be tied to a tree and covered by fire ants!

    nm Friday, 06 August 2010 09:51 AM

    good match for KP

    janaka Friday, 06 August 2010 03:41 PM

    There is no free lunch. Return on your investment can go down as well it as can go up. Read the small print next time.


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.