Assets worth more the Drug trafficking probe leads to freezing of assets worth Rs. 376 million linked to a 39-year-old suspected drug trafficker from Ibbagamuwa have been frozen for seven days under the Prevention of Money Laundering Act, police said.
The freeze order, effective from December 10, 2025, follows an investigation into assets allegedly purchased using proceeds from drug trafficking.
According to police, the frozen assets include a cab valued at Rs. 5.4 million, a van valued at Rs. 14.5 million, and several personal bank accounts holding substantial sums of money.
These include accounts in the Kurunegala area with deposits of Rs. 4.56 million, Rs. 35.95 million, Rs. 19.88 million, Rs. 118.31, and US$ 544.66, as well as an account in Ibbagamuwa with Rs. 12.62 million.
The investigation was carried out by the Illegal Assets Investigation Division based on a complaint filed by the Police Narcotics Bureau.
Police said that on a previous occasion, when the suspect was arrested by the Police Narcotics Bureau and produced before the Kurunegala Magistrate’s Court, a sum of Rs. 283.3 million believed to have been illegally acquired was taken into court custody and deposited in a court account.
With the inclusion of the newly frozen assets, the total value of funds and property linked to the suspect amounts to Rs. 376,230,877.31.
Police said investigations into illegally acquired assets are being carried out under the instructions and direct supervision of the Inspector General of Police, with action taken to freeze all assets suspected to have been obtained through criminal activity. (Newswire)