A 40-year-old resident of Ibbagamuwa has been arrested under the Prevention of Money Laundering Act after police seized Rs. 283,300,000 in cash and two vehicles suspected to have been acquired illegally.
The arrest was made during a special raid conducted yesterday by officers of the Illegal Assets Investigation Division. Preliminary investigations revealed that the suspect had been in contact with an overseas-based drug trafficker via telephone and had collected money from drug trafficking operations within Sri Lanka.
Further inquiries indicated that the two vehicles seized were purchased using proceeds from drug-related activities.
The suspect is scheduled to be produced before the Kurunegala Magistrate’s Court today (20), while the Illegal Assets Investigation Division continues its investigation.
