Police have issued freezing orders on four properties worth an estimated Rs. 150 million in Ratgama as part of an investigation into assets allegedly acquired through proceeds from organised crime and drug trafficking.
According to the Police Media Division, the investigation began following a complaint that a resident of Devinigoda, Ratgama, had accumulated assets using money allegedly earned through organised criminal activities and drug trafficking.
The Criminal Investigation Department (CID) initially investigated the complaint and reported facts to the Galle Magistrate’s Court. The findings were subsequently referred to the Illegal Assets Investigation Division for further investigation.
Police said investigations revealed that the suspect and his wife’s brother had allegedly used illegally obtained funds to purchase properties under the name of the suspect’s mother-in-law.
The properties include:
A 13.72-perch property with a three-storey building, valued at Rs. 60 million.
A 9.10-perch property with a partially completed three-storey building, valued at Rs. 45 million.
A 12.33-perch plot of land valued at Rs. 25 million.
A 9.88-perch property with a single-storey house, valued at Rs. 20 million.
The combined estimated value of the four properties is Rs. 150 million.
Police said freezing orders were issued on the properties for seven days with effect from July 23, 2026, under the Prevention of Money Laundering Act.
The Illegal Assets Investigation Division is conducting further investigations. (Newswire)