The CID arrested another wanted suspect in connection with the massive VAT scam, making the total of five suspects in the custody up to now.
The suspect identified as Mohamed Ashraff, a millionaire businessman was arrested at his Cinnamon Gardens residence by a team of CID sleuths who paid a surprise visit on Friday night.
According to investigators the suspects had packed all suitcases and was to leave the country for Singapore where it was alleged, he had his property and major investments.
The suspect an owner of a chemical business and money exchange service is reportedly a close relative of a person identified as Rasheed Murshid, one of the two alleged to have been most involved in the major VAT fraud.
The CID is now on the lookout for these two kingpins. Rasheed Murshid, is a leading textile tycoon who owns several big-time garment factories both locally and internationally and the other is a local shipping magnate Kamil Kuthubdeen the owner of K Port shipping.
The investigations have revealed that the two suspects have made a massive investment in a 200 -room luxury hotel in Dubai making use of the millions of rupees swindled from the government.
The two suspects along with six others responsible for the fraud have currently fled the country on forged passports. Once the case was exposed Airport emigration counter immediately listed their names at the Bandaranaike International Airport to stop their going abroad.
The CID have taken special action to coordinate with Interpol (International Police) to find these suspects who are believed to have scattered around the world by now.