The Financial Crimes Investigation Division (FCID) has arrested a suspect in the Kotikawatta area over the alleged transfer of foreign currency worth Rs. 24.8 billion to overseas bank accounts without importing any goods into Sri Lanka.
According to police, the suspect allegedly carried out the transactions through the Telegraphic Transfer (TT) method between December 2024 and November 2025, using six shell companies.
Investigators found that the transfers were made under the pretext of importing goods, but no goods were actually brought into the country.
The suspect was arrested in Kotikawatta following investigations into the large-scale financial transactions.
