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UNDER MONEY LAUNDERING ACT HOUSE VALUED OVER RS 15 MILLION FROZEN

House worth over Rs. 15 Mn frozen under Money Laundering Act

 The Illegal Assets Investigation Division has issued a freezing order on property valued at over Rs. 15 million, alleged to have been acquired through illegal means. Following information received by the Inspector General of Police (IGP) regarding an individual residing in Pathegama, Weligama, who was allegedly conducting illegal drug trafficking using the EZ Cash platform, an investigation was initiated by the Custodial Investigation Unit of the Illegal Assets Investigation Division under the Prevention of Money Laundering Act.

According to the investigation, a house located in the Pathegama area of Weligama, valued at over Rs. 15 million, was revealed to have been purchased using money unlawfully earned from drug trafficking. Consequently, the Illegal Assets Investigation Division issued orders under the Prevention of Money Laundering Act to freeze the property for a period of 14 days, effective from September 04, 2026.Further investigations are being conducted by the Illegal Assets Investigation Division.

 



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