FCID Arrests Suspect in Rs. 24.8 Billion Forex Transfer Scheme

The Financial Crimes Investigation Division (FCID) has arrested a suspect in Kotikawatta in connection with the alleged illegal transfer of foreign currency valued at approximately Rs. 24.8 billion overseas. Investigators allege that between December 2024 and November 2025, the suspect facilitated these transfers through multiple shell companies via Telegraphic Transfers (TT). The funds were reportedly sent abroad under the pretext of importing goods, though no corresponding imports were made into Sri Lanka. The FCID is continuing its investigations into the complex transactions and the individuals involved.