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Rs. 5.5 million asset frozen over suspected proceeds of drug trafficking
Rs. 5.5 million asset frozen over suspected proceeds of drug trafficking
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The Illegal Assets Investigation Division has issued an order to freeze a tipper truck valued at approximately Rs. 5.5 million, suspected to have been acquired using proceeds generated through drug trafficking.

According to police, investigations were initiated following the disclosure that a suspect residing in Uswetakeiyawa, who was arrested in connection with drug trafficking and is currently in remand custody, had allegedly used illegally acquired funds to purchase assets in his wife's name.

Following investigations, the Illegal Assets Investigation Division has issued a freezing order under the provisions of the Prevention of Money Laundering Act, prohibiting the sale, transfer or any other transaction involving the vehicle, the Police Media Division said.

The order, which came into effect today (13) will remain in force for a period of 14 days.

Further investigations into the suspected illegal acquisition of assets are being conducted by the Illegal Assets Investigation Division.

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