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IN RS 100 Mn ASSET FREEZE INCLUDED GYM, TOURIST BUNGALOW, LUXURY APARTMENT

Gym, tourist bungalow, luxury apartment in Rs. 100 Mn asset freeze

Colombo, Oct 08 (Daily Mirror) – The Central Crime Investigation Bureau has issued freezing orders on properties worth more than Rs. 100 million, suspected to have been acquired using proceeds from drug trafficking.

According to investigators, a resident of Boralesgamuwa who was arrested in connection with narcotics smuggled into Sri Lanka from the United Arab Emirates had allegedly used proceeds from the drug trade to purchase properties in the names of his son, father and another close associate.Acting under the provisions of the Prevention of Money Laundering Act, the bureau imposed a 14-day freezing order from October 8, 2026, preventing the sale, transfer or disposal of the assets.

The frozen assets include a gymnasium on Dehiwala Road in Boralesgamuwa, valued at approximately Rs. 35 million.The order also covers a tourist bungalow built on six roods and three perches of land, a house on 17 roods and one perch of land, and a two-rood and five-perch agricultural land in Tittawelgolla, Dambulla. The properties are collectively valued at around Rs. 35 million.An apartment in a luxury housing complex in Yakkala, valued at approximately Rs. 30 million, has also been frozen.

The Central Crime Investigation Bureau is continuing investigations into the assets and their alleged links to proceeds from drug trafficking.

 

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