Sri Lanka
Chinese man arrested in Sri Lanka for involvement in illegal pyramid scam
A Chinese national, who was involved in an international-level pyramid scheme posing as an investor, has been arrested in the Sri Lankan city of Colombo.
He was arrested during a joint operation conducted by the Colombo South Division Criminal Investigation Unit and the Borella Police.
The police suspect that more than 4000 Chinese nationals may have been involved in this racket. It has also been revealed that the money of the smuggling has been taken to China through the Undial system, reports Mawrata News.
It has been revealed that the arrested Chinese national has cheated people from this country in Malaysia, Singapore and other countries by giving benefits for deposits like 100, 200 dollars and after depositing an amount of 10,000 dollars without paying those benefits.
A senior police officer was quoted as saying by the news portal that the suspected Chinese national had taken 8 houses from 7 high-rise complexes in Colombo by pretending to be an investor in the port city and inside the Chinese nationals there and carried out this racket.
When asking the private security officer of one of the houses, it was also revealed that 27 Chinese nationals had left just before the raid. The police suspect that there may be more than 300 Chinese nationals under him.
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