Sri Lankan family owes over Rs 1 billion to depositors; arrested in India for illegal entry

A Sri Lankan family who owes millions to depositors have been arrested in Tamilnadu for illegal entry.

Indian Coastguard officials on Friday arrested the family of three including a 10-year-old child who entered India by a boat.

Husband and wife had been identified as Shihab Sheriff and his wife Fathima Farsana Markaar.

An Investment company headed Shihab Sheriff had attracted millions of rupees from depositors amounted to Rs. 1.2 billion.

The family has fled the country at a time the depositors demanding back the millions of rupees they had invested. (NewsWire)

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