Businessman arrested over Rs.10 Mn cheque fraud

A businessman was arrested on Wednesday (29), by the Criminal Investigation Department (CID) on suspicion of defrauding more than Rs.10 million by obtaining materials for business purposes and writing dud cheques that were rejected.

A businessman residing at Elie House Road, Colombo 14 has been arrested by the officers of the Criminal Investigation Department.

A senior police officer said that this businessman, who is engaged in a material-related business, had bought materials from an importer worth Rs.10.5 million and had been arrested subsequent to investigating a complaint related to issuing cheques that were dishonoured.