Man arrested over Rs. 16mn land fraud with forged power-of-attorney

14 November 2023 09:47 am Views - 1201

PANNALA (Daily Mirror) - A suspect has been arrested for defrauding money by forging the power-of-attorney for a land of 04 acres and 23 perches in Pannala, taking possession of the property and selling it for Rs. 16 million.

The incident was reported to the Criminal Investigation Department in 2017 and the suspect involved in the incident was arrested yesterday.

Police said the suspect was arrested by the Commercial Crime Investigation Division of the Criminal Investigation Department.

The arrested person is a 72-year-old resident of Athurugiriya.

He was released on Rs. 500,000 surety bail and Rs. 10,000 cash bail after being produced before the Kurunegala Magistrate's Court.