Four bank managers arrested over US$1bn outflow in import scam
6 Articles
6 Articles
US$1 Bn Fraud? Four Private Bank Officials Remanded
COLOMBO (News 1st); Four executive officers, including managers attached to four private banks, who were arrested in connection with an alleged scheme - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.
Four managers of four major private banks have been arrested in connection with the illegal transfer of about one billion US dollars to foreign countries. The Financial Crimes Investigation Division of the Criminal Investigation Department has arrested all four of them at the respective private banks. The police said that this is the first such arrest in Sri Lanka. Investigations have revealed that the four officials were paid weekly by the main…
Four bank managers arrested over alleged US$1 Billion transfer scheme
Four managers of major private banks in Sri Lanka have been arrested over an alleged scheme to illegally transfer around US$1 billion from the country to foreign destinations. The arrests were made by the Financial Crimes Investigation Division (FCID) of the Criminal Investigation Department (CID). According to reports, all four managers were taken into custody at the premises of their respective private banks. Police said this is the first time…
Four bank managers arrested in USD 1 billion transfer probe
The Police Financial Crimes Investigation Division (FCID) has arrested four managers from four private banks in connection with a probe into a massive foreign currency transfer. Police said the arrests are linked to an incident where a money changer operating in Fort allegedly transferred USD 1 billion overseas without importing any goods into Sri Lanka. Investigators believe the transaction was facilitated through multiple banking channels, pro…
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