A 52 year old Sri Lankan man was arrested today at Bandaranaike International Airport (BIA) upon his arrival from Malaysia in connection with an alleged pyramid scheme that defrauded multiple individuals of Rs1.8 billion.The suspect who had reportedly fled the country a year ago was apprehended by authorities upon his return.
According to Police Spokesman DIG Nihal Thalduwa, the man, identified as a key figure in the fraudulent scheme, had been under investigation for his involvement in orchestrating the scam that deceived hundreds of people, promising high returns through a fraudulent multi-level marketing operation.
The arrest came shortly after the suspect's wife, who had come to the airport to welcome him, was also taken into custody. Authorities believe she may have played a role in assisting her husband's escape and the subsequent efforts to evade law enforcement.
The Police have stated that further investigations are underway, and more arrests are possible as they continue to uncover the full extent of the fraud.
The suspect will be presented before the court for further legal proceedings.
