Cheque encashment fraud:
The Criminal Investigation Department probing the massive racket of
encashing foreign cheques for Rs. 42 million on forged documents have
taken seven suspects into custody.
The suspects produced before the Matale Magistrate were remanded
pending the completion of investigations.
The Modus Operandi of the suspects was obtaining foreign cheques from
friends abroad and encashing them in Sri Lanka on forged documents from
local private banks.
The DIG CID had deployed a special CID team headed by a senior
officer to conduct investigations into the racket.
The investigators will seek Interpol assistance to obtain more
information about the racket.