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| Sunday, 17 August 2003 |
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Wanted tycoon vanishes by Jayampathy Jayasinghe He vanished from his palatial house in Colombo, which is being guarded by security guards, CID sources said. Sources said the application filed before the Colombo Magistrate's Court to obtain bail to one of the suspects involved in the racket has been turn down. CID has launched an investigation to ascertain whether several bank officials were also involved in the fraud. The Interpol units in Venezuela and Germany too have been informed to check on foreign connection. The main suspect however did not turn up at his company last week. The suspect had even defrauded a local Freight Forwarding company for several millions of rupees, sources said. The businessman is alleged to have forged the signatures of the Chairman and other company officials of a Venezuelan company and had drawn a sum of US $ 7 million from a local bank which was remitted from a reputed bank in Germany. The local company has exported only a small quantity of vanilla products to the Venezuelan company. The Immigration and Emigration officials at the Bandaranaike International Airport have been alerted to prevent suspects from leaving the country. The racket was exposed when the Exchange Control Department had informed the local bank to check the authenticity of the documents submitted to the bank. Meanwhile, CID sleuths have seized vital documents pertaining to the fraud when they searched the suspect businessman's office at Orugodawatte. The Attorney General's Department advice have been sought with regard to the fraud, sources said. |
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