The Criminal Investigation Department (CID) has arrested a 30-year-old man in connection with an alleged financial fraud amounting to Rs. 59.65 million involving a private company.
According to the Police Media Division, the suspect, who was employed at a private institution, allegedly entered false information into the company's computerised data system and fraudulently transferred funds amounting to Rs. 59,656,496.84 into accounts.
The investigation was launched by the Financial Investigation Unit (4) of the CID following a complaint alleging breach of trust, fraud and criminal misappropriation of funds.
A team of officers attached to the CID's Katunayake Unit arrested the suspect yesterday, police noted.
The suspect is a resident of Maligawatte and is 30 years old.
The CID is conducting further investigations into the incident.
