Court told 89 companies linked to alleged Rs.190bn remittance fraud
The Colombo Chief Magistrate’s Court was told that 89 companies registered in Sri Lanka allegedly remitted more than Rs.190bn abroad for imports that investigators say never took place.The information was presented during proceedings involving suspect Jeffrey Mohamed, who was arrested by the Financial Crimes Investigation Division (FCID).tate Counsel told court the investigation is examining alleged financial fraud and money laundering linked to the remittances. The suspect was remanded until 9 July.
