Court calls for bank reports on Eramiracle Genisic pyramid scheme

By Bhagya Silva
The Colombo Chief Magistrate, Tanuja Lakmali, yesterday (11) directed the Criminal Investigation Department (CID) to submit reports on 65 bank accounts belonging to the financial director of Eramiracle Genisic, a pyramid scheme company accused of allegedly defrauding depositors of Rs. 10 billion.  
Company’s director, Ranasinghe Arachchige Dhammika Kumara Ranasinghe, and his wife, Galle Waduge Samudra Surangani Hemachandra, who serves as the financial director, were also ordered to be remanded till 25 March.  
The CID told court in addition to these two suspects, another 68 individuals were involved in operating the pyramid scheme within Sri Lanka.  
The CID further revealed that the alleged software used for the fraudulent operation was developed by an individual who received Rs. 5 million from the main suspect.  
According to the CID, a total of Rs. 20 billion has been transferred through this fraudulent scheme so far.