A 19-year-old man has been arrested in Colombo over alleged illegal financial transactions conducted through the “Undiyal” system.
The arrest was made by officers of the Homicide and Organised Crime Investigation Division of the Criminal Investigation Department (CID) during a raid within the Dam Street Police Division on the evening of August 18, based on information received regarding an individual allegedly involved in illegal financial transactions.
During the operation, the suspect was arrested under the provisions of the Money Laundering Act after he was unable to provide a satisfactory explanation regarding the source of Rs. 10.467 million found in his possession.
He was also arrested for allegedly possessing a counterfeit Rs. 1,000 note.
The suspect is a 19-year-old resident of Colombo 05.
Further investigations are being conducted by the Homicide and Organised Crime Investigation Division. (Newswire)