Businessman Arrested Over Alleged US$80 Million Illegal Overseas Fund Transfers

A 34-year-old businessman has been arrested by the Financial Crimes Investigation Division (FCID) in Maradana for allegedly transferring approximately US$80 million (around Rs. 23 billion) to overseas accounts. The alleged transactions, conducted via telegraphic transfers, reportedly took place between 2023 and 2025 under the guise of importing goods. Police are investigating this as a major financial crime operation. The suspect is identified as a cosmetics products trader.