Suspect Arrested Over Rs. 24.8 Billion Transfers via Six Shell Companies
The Financial Crimes Investigation Division (FCID) has arrested a suspect in Kotikawatte for allegedly transferring foreign currency worth Rs. 24.8 billion to overseas bank accounts without importing any goods, police said.
According to police, the suspect allegedly used six shell companies to carry out the transactions through telegraphic transfers (TT) between December 2024 and November 2025.The transfers were reportedly made under the pretext of importing goods, although no goods were imported into the country.The suspect was arrested in Kotikawatte as part of an investigation into the alleged financial transactions.
