The attorney general has made submissions to courts with regard to a cryptocurrency pyramid scheme by a company called Sports Chain Society Sri Lanka that defrauded more than Rs. 15 billion.
The AG informed Colombo additional magistrate Harshana Kekunawela the company’s heads had used the swindled money to buy dollars and to invest in local state institutions.
Two Chinese suspects had furnished fake documents to obtain visa and Rs. 1.44 billion had been found from their bank accounts, said the state counsel Hansa Abeyratne.
The eight suspects involved in the pyramid scheme had bought luxury apartments and vehicles, and built houses.
The first accused, Amal Keethi Bandara, was ordered to be remanded.