The Criminal Investigations Department has arrested 14 persons attached to two Non-Governmental Organizations (NGOs) for engaging in financial fraud from a local bank amounting to Rs.263 million.
The two NGOs in question had reached agreements with the bank in 2011 to use its online banking services.
It has been revealed that during transaction carried out afterwards one NGO had committed financial fraud amounting to Rs.211 million while the other organization had committed a fraud of Rs. 52 million via checks.
Police said statements have been recorded from the individuals who had cashed the checks and officials of the two NGOs.
The CID is conducting further investigations while the arrested suspects are being questioned under detention order, police said.
