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CID arrests man over alleged Rs. 59.65 million company fraud

The Criminal Investigation Department (CID) has arrested a 30-year-old man suspected of defrauding a private company of more than Rs. 59.65 million by allegedly manipulating its computerised data system.

According to the Police Media Division, the suspect was employed at a private institution and is accused of entering false information into the company's computer system to facilitate the fraudulent transfer of Rs. 59,656,496.84 into accounts.

The investigation was initiated by the CID's Financial Investigation Unit (4) following a complaint alleging breach of trust, fraud and criminal misappropriation of funds.

Officers attached to the CID's Katunayake Unit arrested the suspect yesterday, police said.

The suspect, who is a resident of Maligawatte, is 30 years old.

The CID is continuing investigations into the alleged financial fraud.

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