A 54-year-old man who headed a financial institution that had not been approved by the Central Bank was arrested on Thursday for defrauding 9.9 billion rupees.The name of the unauthorised financial company is Eyon Lanka Investment and Film Production International Company (Pvt.) Limited.
The suspect was arrested by officers of the Financial and Commercial Crime Investigation Division on charges of criminal misappropriation of money, breach of trust and money laundering.The suspect is a resident of Kandy.