Sri Lanka’s 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 several properties and a vehicle frozen over allegations that they were acquired using proceeds from drug trafficking.
The assets include a seven-perch property with a two-storey house in Hunupitiya, valued at around Rs. 40 million, as well as a 17-perch property with two houses valued at approximately Rs. 30 million.
A five-perch property with a building in Hunupitiya, valued at around Rs. 5 million, and a three-perch property with a building on Kanthi Mawatha, Hunupitiya, valued at approximately Rs. 7 million, are also among the frozen assets. A car valued at around Rs. 800,000 has also been included.
The Illegal Assets Investigation Division is conducting an investigation under the Prevention of Money Laundering Act into the properties allegedly acquired using money generated through drug trafficking.
An order has been issued to freeze the assets for 14 days from today (18), preventing their sale, transfer or any other transaction during that period.
Meanwhile, the division has also frozen a jeep valued at approximately Rs. 35 million belonging to another suspect from Thanamalwila.
The investigation into the second suspect was initiated following a complaint by the Director of the Police Narcotics Bureau regarding assets allegedly acquired through illegal means.
An order issued yesterday (17) prohibits the sale, transfer or other dealings involving the jeep for a period of 14 days.
The allegations against the two individuals remain subject to investigation and have not been established in court.
