General

A suspect was arrested under the Prevention of Money Laundering Act after being found with Rs. 283,300,000 in cash and two vehicles believed to be obtained illegally. This arrest took place during a special operation by the Illegal Assets Investigation Division on the 19th of October. The suspect, a 40-year-old man from Ibbagamuwa, was reported by police. Initial inquiries showed that he had been in communication with a drug trafficker who is currently abroad and had gathered funds from drug trafficking activities in Sri Lanka. Further investigations indicated that the two vehicles were bought with money from drug trafficking. The suspect is set to appear in Kurunegala Magistrate’s Court today, the 20th of October, while the Illegal Assets Investigation Division continues their work.