Sri Lanka Police is set to launch a new division to track and investigate assets acquired through criminal activities, Deputy Inspector General of Police for Western Province (North) Nishantha Soysa announced yesterday.
The unit, to be named the Police Criminal Investigation on Derived Property (PCID), will function under the provisions of the recently enacted law on properties derived from crime. It is expected to be officially inaugurated by the Inspector General of Police during the upcoming Police Day celebrations.
In the meantime, law enforcement authorities have already seized assets worth Rs. 4.5 billion linked to organized crime through a series of special operations. The confiscated properties include buildings, houses, vehicles, land, gold jewellery, boats, and cash amounting to Rs. 57 million, all of which have been frozen under the Money Laundering Act.
