A suspect has been arrested under the Prevention of Money Laundering Act (PMLA) after authorities seized Rs. 283.3 million in cash and two vehicles suspected to have been illegally acquired.
The arrest was made during a special raid carried out yesterday (19) by officers of the Unlawful Assets Investigation Division.
The suspect, a 40-year-old resident of Ibbagamuwa, was taken into custody following investigations into illicit financial activities linked to drug trafficking.
According to initial investigations, the suspect had been in telephone contact with a drug trafficker believed to be hiding overseas. Acting on the trafficker’s instructions, the suspect allegedly collected money from local drug traffickers operating within the country.
Further investigations have revealed that the two vehicles seized during the raid were purchased using proceeds generated from drug trafficking.
The suspect is scheduled to be produced before the Kurunegala Magistrate’s Court today (20).
