Teak scam busted

17 August 2010 07:30 pm - 3     - {{hitsCtrl.values.hits}}

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 The owner of Help Green, a company that advertised investments in teak trees, has been arrested for defrauding more than Rs. 10 million from the public by the Fraud Investigation Unit of the Nugegoda police. 

The owner had operated the Help Green company in Anuradhapura and Pelawatte. The arrest was made after the police had received several complaints from lawyers, businessman and top officials of the security forces stating that the businessman had recieved large sums of money to maintain the teak cultivation.


Warrants for his arrest were issued by the Kaduwela, Dambulla and Mt. Lavania courts.   


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  Comments - 3

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.

 

 
  • matara kolla Tuesday, 17 August 2010 09:15 PM

    There should be a mechanism to both control and licence all investment companies, like in Western countries.

    garawi Wednesday, 18 August 2010 04:29 AM

    Hope my nephew, a sales person with a meager monthly salary and three kids to bring up did not invest in this project, when he told me he is investing in a Teak project!!

    Smart Aleck Tuesday, 17 August 2010 11:33 PM

    This country is full of crooks, tricksters and gullible fools!


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