The Police Illegal Assets Investigation Division has frozen property worth around Rs. 300 million, believed to have been purchased with money earned from drug trafficking by an organized criminal.
The suspect, who was recently brought back to Sri Lanka from overseas, is alleged to have bought assets under his daughter’s name using proceeds from narcotics trafficking.
According to the Police, following a complaint, the Police’s Illegal Assets Investigation Division launched an investigation.
During the probe, it was revealed that the suspect had acquired a two‑storey house and land in Pannipitiya valued at approximately Rs. 300 million.
Acting under the Prevention of Money Laundering Act, authorities issued an order to freeze the property for seven days starting from today (05 March).
The Illegal Assets Investigation Division is conducting further investigations. (Newswire)