The Colombo Chief Magistrate, Asanga S. Bodaragama, yesterday (2) ordered the Officer-in-Charge of the Illegal Assets Investigation Division to submit a full report to the court regarding the failure to arrest the remaining suspects connected to an alleged illegal pyramid scheme.

The case involves "Eran Miracle Genesis", an allegedly unlawful pyramid finance company operating in the Kurunegala area, which is accused of defrauding over 3,300 depositors of more than Rs. 1 billion.

The court further remanded Ranasinghe Arachchige Dhammika Kumara Ranasinghe (55), a director of the private company currently held in custody, until the 8th of this month.

The Magistrate extended the remand after investigating officers argued that the suspect should not be granted bail as investigations were still ongoing.

During the previous hearing, the Illegal Assets Investigation Division of the Criminal Investigation Department (CID) informed the court that it had received 1,910 new complaints against the private company and information on 65 new bank accounts that needed further investigation.

Investigating officers had also previously informed the court that statements from the aggrieved parties confirmed all depositors had suffered losses, and that their probes had identified 14 additional director suspects.

Meanwhile, the suspect's wife, Galle Waduge Samudra Surangani Hemachandra, and a man named Sudarshana Madushan were granted bail in the previous court session, but were held in remand until yesterday (02) as they were unable to meet the bail conditions.

Following submissions by their lawyers, the court considered and subsequently relaxed the bail conditions imposed on the two suspects.