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Assets worth nearly Rs. 140 mln frozen over suspected illegal earnings
Sep 18, 202608:23 AM
Assets worth nearly Rs. 140 mln frozen over suspected illegal earnings
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The Illegal Assets Investigation Division has frozen assets worth nearly  Rs. 140 million belonging to two individuals suspected of acquiring them through illegal means.

 

One of the suspects, a resident of Wattala, has had properties worth over Rs. 900 million frozen over allegations that they were acquired using proceeds from drug trafficking.

 

The assets include:

  • A seven-perch land and two-storey house in Hunupitiya, valued at approximately Rs. 40 million
  • A 17-perch land and two houses in Hunupitiya, Wattala, valued at approximately Rs. 30 million
  • A five-perch land and building in Hunupitiya, Wattala, valued at approximately Rs. 5 million
  • A three-perch land and building on Kanthi Mawatha, Hunupitiya, valued at approximately Rs. 7 million
  • A car valued at approximately Rs. 800,000

The Illegal Assets Investigation Division is conducting an investigation under the Prevention of Money Laundering Act into the properties allegedly acquired with money earned through drug trafficking.

 

Orders have been issued to freeze the assets for 14 days from today (18), preventing their sale, transfer or any other transaction.

 

Meanwhile, the division has also frozen a jeep worth approximately Rs. 35 million belonging to another suspect, a resident of Thanamalwila.

 

The investigation was launched following a complaint made by the Director of the Police Narcotics Bureau (PNB) regarding the assets allegedly acquired through illegal means.

 

An order has been issued to prevent the jeep from being sold, transferred or otherwise dealt with for 14 days from yesterday (17).

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