Four caught for swindling Rs.43Mn from company

The Criminal Investigations Department (CID) has arrested four members of an organized group who had forged cheques and swindled Rs.43 million from a personal bank account belonging to a steel rod manufacturing company.

Police Spokesman DIG Ajith Rohana said, among those arrested was an employee of a private bank where the accounts of the steel company is being maintained.

It has been revealed that a third party had printed a fake cheque book similar to the one which was issued by the bank to the company. Then the perpetrators have deployed five men to encash cheques for money from many branches of the bank.

It was revealed that the prime suspect in the fraud was the one who had printed the fake cheque books from Hanwella.  

A 51-year-old man who came from the UK and an executive officer of a company among those who were arrested.

He said further investigations are underway to arrest four more suspects in connection with the fraud.(Darshana Sanjeewa Balasuriya)