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Sri Lankan Authorities Freeze Millions in Assets Linked to Drug Trafficking
The Pulse
CrimeEconomyHOT2h ago

Sri Lankan Authorities Freeze Millions in Assets Linked to Drug Trafficking

TLDR
  • Assets worth millions frozen from alleged drug traffickers.

  • Police act under Money Laundering Act.

  • Includes properties, cash, gold.

Sri Lankan law enforcement has frozen millions of rupees in assets linked to alleged drug trafficking and organized crime. The Central Anti-Corruption Investigation Bureau's Illicit Assets Investigation Unit acted under the Prevention of Money Laundering Act. Seized assets include properties, vehicles, cash, and gold, with one operation targeting over Rs 6 billion in total value. Specific cases involved individuals from areas like Ibbagamuwa and Weligama, whose assets were frozen for periods of 7 to 14 days. This move is part of a broader effort to dismantle criminal financial networks.

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