According to official reports, the German national had provided the substantial sum of money to the suspect with the intention of investing it into a local tourism business venture in Sri Lanka. Instead of utilizing it for the business, the suspect allegedly misappropriated and defrauded the investor of the funds.
The arrest was executed following a detailed investigation by the Financial and Commercial Crimes Investigation Unit of the Criminal Investigation Department (CID), which had received a formal complaint regarding the scam.
The suspect, identified as a resident of Bentota, is currently in custody as the Financial and Commercial Crimes Investigation Unit of the CID conducts further inquiries into the incident.
