Pyramid financial fraud of US$ 100 mn | Daily News
Colombo Chief Magistrate imposes Travel ban on six OnmaxDT directors:

Pyramid financial fraud of US$ 100 mn

Banks ordered to freeze 57 accounts:

Colombo Chief Magistrate Prasanna Alwis yesterday imposed a travel ban on six directors of a private company (OnmaxDT) who allegedly were involved in a pyramid financial fraud of 100 million US dollars. The Magistrate ordered that the details of the travel ban should be sent to the Controller General of Immigration and Emigration.

The directors and shareholders of the company Sampath Sandaruwan, Athula, Gayashan Abeyratne, Madhuranga Prasanna, Saranga Randika and Dhananjaya Jayan were banned from travelling abroad.

The magistrate also ordered the relevant bank heads to freeze 57 accounts owned by the suspect directors and the company. Charges have been filed against the suspects under Section 83 of the Banking Act and Section 03 of the Money Laundering Act. The Magistrate made this order after the Financial Crimes Investigation Unit presented a B report to the court based on a complaint by the Director of the Financial Intelligence Unit of the Central Bank.

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