Two convicted in VAT scam brought to Sri Lanka

Saturday, 07 February 2015 - 13:02

2 Sri Lankan suspects who were sentenced to serve 280 years and 100 years prison terms by Colombo Magistrate court in connection with South Asia’s biggest VAT scam amounting to 3.99 Billion rupees, were brought to the island last night.

Police media spokesman SSP Ajith Rohana stated that they were arrested by a team of CID officers in Malaysia and brought them to the island.

The suspects are to be produced before the court today.

On 26th of September 2014, the court sentenced prison terms on 8 defendants and ordered them to pay a fine of 33.37 billion rupees.

The 8 defendants were absconding overseas while a warrant has been issued by the Interpol to arrest them.

This has been the biggest VAT scam in South Asia between 2002 and 2004, where 14 defendants were accused in the court hearing where 6 who pleaded guilty were penalized