After suffering from critical injuries, Dinesh, 52, died shortly before midnight on Thursday in the ICU of the National Hospital.
Hailing from a family of national cricket administrators, the leading businessman had left home in Colombo to meet a person to whom he had earlier lent a large sum of money and made several complaints for defaulting.
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Hours later after his phone was not reachable, Schaffter’s wife had alerted a worker and followed the signals of the mobile phone location.
Later an injured Schaffter was found tied up in the driving seat of his own car with a rope around his neck and left in the main cemetery of Colombo.
He was rushed to the hospital but died later.
According to hospital sources, the businessman died due to a cardiac arrest followed by the tragic incident.
The investigation conducted by the area police had been handed over to the CID and they are searching for a former cricket commentator and television sports anchor, against whom Schaffter had also made several complaints to the police, for questioning over the incident.<br> <br>Dinesh is the son of Chandra Schaffter, a former first class cricketer in the 1950s and cricket administrator of the 1996 world cup winning team.
Chandra is also the founder of country’s first Sri Lankan-owned life insurance company, Janashakthi.
Dinesh’s brother Prakash, a first class cricketer, was in the national cricket administration and served as Sri Lanka Cricket’s secretary.