In the backdrop of constantly receiving complaints against finance companies, the Colombo Fraud Investigations Bureau (CFIB) yesterday filed six other cases in Court against Central Investments & Finance Ltd. (CIFL), alleging that the finance company is alleged to have cheated Rs. 9.8 million belonging to six depositors.
Lodging complaints with the CFIB, the six depositors who invested their money in CIFL stated that they trusted the finance company concerned 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 though they had made requests that the deposited money be paid back with the dividends, the finance company failed to do so.
Migara Gunaratne, one of the depositors who invested money in this company, told tge Police that he deposited a sum of Rs. 1 million in CIFL as it promised to pay 15.5% interest for the deposited money. He told Police that he received a letter from CIFL under the signature of its Chairman Roscoe Maloney on 22 May this year stating that the company was heading for a new journey. He further stated that he only received a sum of Rs.15,000 as dividends and he was yet to receive the remainder,
Meanwhile, the complainant further told Police that he had also made a complaint to the Director of the Central Bank in this regard. Subsequently, the Central Bank had informed him that the administrative activities of CIFL had been handed over to People’s Leasing and Finance Plc., a subsidiary of People’s Bank.
Meanwhile, the Slave Island Police had also informed Court that it had received more than 70 complaints against CIFL. Accordingly, Colombo Fort Magistrate Thilina Gamage yesterday issued notice returnable on 16 September on three Directors of CIFL.