Police are investigating to arrest a man who is in hiding after defrauding more than Rs. nine billion from depositors of a financial institution in Kurunegala.
The financial crime division has obtained a foreign travel ban against him.
The man had advertised an attractive six per cent interest for the deposits, luring doctors, military officers, top state official and private sector employees.
Since 2020, nearly 8,000 persons had deposited with him, who had initially been paid the promised interest, but halved and then not paid at all later on.
