Two remanded over fixed deposit fraud

Two suspects have been remanded until July 17 by Colombo Chief Magistrate Asanga S. Bodaragama today (2), over allegations of fraudulently obtaining Rs. 8.4 million from fixed deposits.

The suspects have promised fixed deposit owners prize money through a well-known private institution and transferred the funds into other accounts.

The order was issued when the relevant case was taken up in court.

The suspects remanded in custody are K. Premalal and Tharindu Dilshan, residents of Kanduruwela.

Presenting further facts to court, the Criminal Investigation Department stated that the suspects had allegedly deceived victims by claiming they would receive prize money, obtained Rs. 8.4 million from fixed deposits, and transferred the money into other bank.