By Kumudhu Upul Shantha
Criminal Investigation Department (CID) officers, yesterday (11), informed Colombo Chief Magistrate Thilina Gamage that properties belonging to the suspected directors of Onmax Private Limited’s pyramid scheme have been identified in foreign countries, including Australia.
The investigations are being conducted in collaboration with the INTERPOL, the Court was told. The Colombo Chief Magistrate instructed the CID to immediately develop a programme to reimburse the depositors who suffered financial losses.
The Court was told some of the suspects are overseas and the seventh and eighth suspects have bought properties in Australia.
The Criminal Investigation Department (CID) has reported to the Colombo Magistrate’s Court that a total of 2,017 complaints have been filed by depositors who claim to have been cheated out of their money after investing in Onmax Private Ltd alleged to have been operating a pyramid scheme.
According to the CID, the total estimated financial losses incurred by the complainants amounts to around Rs 2.96 billion.
The Court was told a total of 865 new complaints have been received since the last hearing, and that additional complaints continue to be received.
Nine suspects, including the directors of Onmax appeared in court for the hearing. The CID further informed the Court that three other suspects remain overseas, and open warrants have been issued for their arrest.
Investigations against the suspects are being conducted under the Prevention of Money Laundering Act and the CID revealed that investigations into two suspects have been completed and the excerpts of the investigations have been referred to the Attorney General.
The Court fixed 5 February 2025 for the next hearing.
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