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Sri Lanka Police Freeze Over Rs. 130 Million in Assets Linked to Drug Trafficking
The Pulse
CrimeEconomy1h ago

Sri Lanka Police Freeze Over Rs. 130 Million in Assets Linked to Drug Trafficking

TLDR
  • Assets worth over Rs. 57 Mn and Rs. 130 Mn frozen.

  • Seizures linked to drug trafficking under Money Laundering Act.

  • Broader crackdown sees billions confiscated.

Sri Lankan police have intensified efforts to curb drug trafficking by seizing significant assets under the Prevention of Money Laundering Act. In one major operation, properties worth over Rs. 57 million, including a two-storey house valued at Rs. 50 million, were frozen following a court order related to a suspect in the Pubudugama, Uswetakeiyawa area. Separately, assets exceeding Rs. 130 million, linked to two suspects in Embilipitiya, have also been frozen, including houses and land. Other seizures include assets worth over Rs. 15 million in Weligama and a dinghy boat and motorcycles valued at nearly Rs. 1.6 million in Jaffna. These actions are part of a broader crackdown, with police reporting billions seized since the current government took power.

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