Sri Lanka, July 29 -- A director of a private company has been arrested by the Mirihana Special Crimes Investigation Division for allegedly defrauding members of the public by promising houses and land under an easy payment scheme.

According to police, the suspect promoted the scheme through advertisements on social media, claiming that customers could obtain houses and land through affordable payment plans. Victims were reportedly required to sign agreements and pay an advance amount equivalent to 60% of the total value of the house and land.

Investigations revealed that after collecting the advance payments, the suspect allegedly failed to construct or deliver the promised houses. Customers who later requested refunds were reportedly ...