Sakvithi Scam

The multi-million rupee ‘Sakvithi’ scam seems to have spared not even the handicapped or the sick as it plundered the wealth of thousands of unsuspecting customers who suddenly realized their lives’ savings had gone up in smoke. The scam was exposed following a raid by the Central Bank on unregistered financial institutions, last Friday.

Posing as Deshamanya Sakvithi Ranasinghe wanted for fruad of over Rs: 900 million rupees by some 5000 investors.