Bogus companies busted

Nethali STRUYS

Two illegal finance companies operating in Colombo were detected by the Fraud Investigation Unit of Pettah Police, said Police Spokesmen Ajith Rohana.

Accordingly, the Unit arrested four suspects in this connection. Over Rs.1.7 million was recovered from one company located at Third Cross Street and Rs 101,450 from the bogus company at Kumara Street Pettah.

The suspects were produced before courts and remanded till October 27. Further investigations are being carried out by the Fraud Investigation Unit.