By Roy Denish.
The FCID has arrested a suspect over alleged illegal foreign-currency transfers worth about Rs. 24.8 billion between 2024 and 2025.
COLOMBO — The Financial Crimes Investigation Division has arrested a suspect in Kotikawatta over an alleged illegal foreign-currency transfer scheme involving approximately Rs. 24.8 billion.
Police investigators allege that the telegraphic transfers took place between December 2024 and November 2025.
According to the investigation, substantial sums of foreign currency were allegedly transferred to overseas accounts without corresponding commercial imports or sufficient documentation supporting the transactions.
Investigators are examining the financial network behind the transfers and whether other individuals or entities were involved.
The FCID is also seeking to establish how the transactions were processed and whether regulatory controls governing international financial transfers were circumvented.
The allegations remain under investigation, and the arrest does not constitute a finding of guilt.
Further inquiries are continuing.
