Customs bare biggest forex fraud
Jan 4, 2011 7:00:00 PM - aussieindolanka.com
An international racket involving the spiriting away of valuable foreign exchange owned by Sri Lanka to certain countries has been busted by the Sri Lanka Customs Department.
Investigations revealed that this is the biggest ever foreign exchange fraud committed in Sri Lanka in recent times, said Director General of Customs G H G Athula Lankadeva.
The racketeers involved has remitted large amounts of foreign exchange to a Middle East Country through a certain foreign bank without imprinting any items at all to compensate the foreign exchange involved. The racket had been carried out in the name of fictitious garment factory in Kollupitiya and a textile firm in Mutwal. Investigations revealed that no such institutions existed at the addresses given by the racketeers.