Welimada police arrested a man who had engaged in financial fraud in the guise of a banker that swindled money from over 40 persons, the police said.
The suspect had taken money from his clients after promising them gifts for opening new bank accounts.
Police revealed that the suspect was planning to travel abroad at the time of his arrest while around 40 persons had been victimized by the scam.
The suspect was presented before the Welimada Magistrate court and remanded until October 28.