Suspect arrested over alleged $ 25 m illicit transfers

Thursday, 8 October 2026 05:27 - - {{hitsCtrl.values.hits}}

A 25-year-old man from Wellampitiya has been arrested by the Police Financial Crimes Investigation Division (FCID) for allegedly transferring $ 25 million (approximately Rs. 7.5 billion) overseas through Telegraphic Transfers under the guise of importing goods.

Police said the suspect allegedly channelled the funds through six Sri Lankan shell companies using Telegraphic Transfers via commercial banks between January 2024 and July 2025.

According to the FCID, the companies had made the overseas transfers purportedly for the import of goods, but no goods had been imported against the transactions.

The suspect was arrested in connection with the ongoing investigation into the alleged foreign exchange transactions.