Twenty more cases filed against CIFL by depositors
Tuesday, 10 September 2013 00:26
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By Lakmal Sooriyagoda
The Colombo Fraud Investigations Bureau (CFIB) yesterday filed 20 more cases in Court against Central Investments & Finance Ltd. (CIFL), alleging that the finance company is said to have cheated millions of rupees from 20 depositors.
Meanwhile, Colombo Fort Magistrate Thilina Gamage ordered the Manager of CIFL to hand over all account statements pertaining to the 20 depositors to the Police for further investigations. The fresh cases were on top about seven filed last week.
Making their complaints with the CFIB, the depositors who invested their money in CIFL stated that they tended to trust the concerned finance company since it was a registered company under the Central Bank and that the company promised to pay a higher interest rate for the deposited money.
They further alleged that although they had made requests that the deposited money be paid back with the dividends included, the finance company had failed to do so. The complainants said that they invested their money in the company as it promised to pay a higher interest rate (over 15%) for the deposited money.
CIFL is alleged to have cheated depositors of millions of rupees and the exact amount is yet to be ascertained as it will depend on any new complaints.
Meanwhile, the Slave Island Police informed Court that they had received more than 70 complaints against the company to date. Accordingly, Colombo Fort Magistrate Thilina Gamage issued notice returnable on 16 September on three CIFL Directors.
