The Financial Crimes Investigation Division (FCID) has arrested a 25-year-old resident of Wellampitiya for allegedly transferring approximately USD 25 million (Rs. 7.5 billion) to overseas accounts through fraudulent companies without importing any goods.
Investigations have revealed that the suspect allegedly transferred the funds abroad through commercial banks using the Telegraphic Transfer (TT) system.
The transactions were reportedly carried out under the guise of ordering goods from foreign companies on behalf of six companies registered in Sri Lanka.
According to investigators, the money was transferred overseas between January 2024 and July 2025, despite no goods being imported in connection with the transactions.
