Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Sri Lanka arrests 100 Chinese for currency fraud
December 22, 2012 , 4 : 00 am GST
SAVE THIS ARTICLE
Arrested Chinese nationals are escorted by Sri Lankan police as they are taken to a remand prison after being produced before the magistrate court in Colombo. Pic: AFP
Police in Sri Lanka have arrested 100 Chinese nationals for an online currency fraud scam in a string of night-time raids in and around the capital Colombo, officials said on Saturday. "They have defrauded their countrymen by making them... transfer money to accounts maintained in Sri Lanka in the names of those arrested," Prishantha Jayakodi, a senior superintendent, told AFP.
Police said that the 74 men and 26 women were arrested on Friday night at their residences in the capital or in the surrounding areas following a court order. They are due to be produced in court later on Saturday. Thousands of Chinese work in Chinese-funded development projects across the island. Many more arrive on tourist visas and work in the hospitality industry.
"The fraud-affected people (live) in China," Jayakodi said. "The fraud was carried out in Sri Lanka through the Internet." The arrests come as China has been investing heavily in the tropical island nation as it enlarges its presence in South Asia. In June, the tropical island nation opened Sri Lanka's first Chinese-built port, for which China loaned money. The port was seen as a strong symbol of Beijing's investment and interest in the region.
China is also building a second port in Colombo and Chinese firms have pledged investments totalling $50 billion spread over the next 10 to 15 years, according to Sri Lanka's trade ministry. The number of Chinese has mushroomed in the island since the middle of the last decade with Chinese restaurants and Chinese medical centres other visible signs of their presence.
Regional power India views Sri Lanka as being firmly within its sphere of influence and has been concerned about China getting a foothold there and in other surrounding countries. Police said the Chinese nationals accused in the currency scam were in the country on tourist visas, adding that more details would be available once they are produced in court.
There was no immediate official confirmation on the charges they face, but a police officer, who wished to remain unnamed, said money-laundering could be one of them.
Rate this Article
Rates : 0, Average : 0
Latest in this section
India polls forecast string of wins for opposition BJP
Nigella Lawson admits using drugs
Bangladesh’s besieged ex-dictator threatens suicide
‘At least 20 dead’ as Yemen defence complex stormed
Tense Thailand celebrates revered king’s birthday
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter ImageText here:
Back to Article
December 25 at 8 : 02 pm
along with investment comes the fraud. srilanka should be wary of the chinese coming in droves...
TOP RATED ARTICLES
The rainbow over the desert sky
Saleh Al Shaibany
India lifts anti-dumping duty on Oman’s polypropylene export
Filipino expats in Oman raise funds for Haiyan victims
Times News Service
‘Sohar Port meets pollution norms’
Fahad Al Mukrashi
Two sentenced to jail in Sohar for corruption
More in News
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
Indonesia's illegal dentists bite back after ban
Albanian cannabis fiefdom at heart of European traffic
Asia's animators draw inspiration from Miyazaki
Splash 'Forever More'
Times News Service
More in Features
Of Middle East and the Arab winter
France ill at ease with US policy shift in M-E
The harsh reality of mass migration from Syria
Blind obsession with celebrities
Jayanta G Borpujari
Sisi is making Egypt a dangerous place
More in Columns
Get Top news by E-mail.
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial