The Illegal Assets Investigation Division has frozen property valued at more than Rs. 30 million in connection with an investigation into assets allegedly acquired through illegal activities.
The probe was launched following a complaint that a resident of the Walasmulla area had accumulated wealth through drug trafficking and organized criminal activities.
Investigations revealed that the suspect had allegedly purchased property in the name of his wife using illegally earned funds.
Accordingly, a 14.1-perch land with a three-storey house located in the Kadilamulla area of Walasmulla, valued at over Rs. 30 million, has been frozen for a period of seven days from Feb. 19, 2026, under the provisions of the Prevention of Money Laundering Act.
Further investigations underway. (Newswire)
