Four bank managers remanded over alleged $1 billion illegal money transfer

August 17, 2026 at 6:50 PM

Four managers of prominent banks have been remanded until Aug. 20 in connection with an investigation into the alleged illegal transfer of around $1 billion out of the country.

The four suspects, who were arrested by the Financial Crimes Investigation Division of the Criminal Investigation Department (CID), were produced before the Colombo Additional Magistrate on Monday (17). (Newswire)