Ponzi Scheme suspects’ passports impounded

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Colombo Additional Magistrate Harshana Kekunawela yesterday (22) impounded the passports of seven suspects, who were involved in an alleged Ponzi scheme, ‘Sports Chain’.

The Additional Magistrate also ordered to freeze five bank accounts maintained by the suspects.

The Court gave the aforesaid order, having considered submissions made to this effect by the CID. The prosecution told Magistrate Kekunawela that they had commenced a probe into the incident, following a complaint lodged by H. M. Anjula Sampath.

The CID had previously informed the Court that their probe had revealed that the suspects had fleeced billions of rupees from the public via this scam. The CID added that further inquiries into the incident were proceeding.

BY Hansi Nanayakkara