By Ruwan Weerakoon
(Lanka-e-News -23.Sep.2026,11.30 P.M.) A 35-year-old man arrested over an alleged scheme to move foreign currency worth Rs. 24.8 billion out of Sri Lanka, on the false claim that the money was paying for imports, has been remanded until October 01 by the Colombo Magistrate's Court.
The Financial Crimes Investigation Division (FCID) arrested the suspect, a resident of Colombo 12, in Dam Street on Tuesday (22). He is suspected of aiding and abetting the fraudulent transfer of foreign currency through five of the companies identified in the probe.
The investigation began after a complaint to Police Headquarters alleged that 89 Sri Lankan-registered companies had sent US dollars overseas through telegraphic transfers (TT) under the guise of importing goods. The FCID is conducting the probe on the instructions of the Inspector General of Police.
According to investigators, the transfers took place between December 2024 and November 2025, and no goods were actually imported in exchange for the money sent abroad.
The FCID said its investigations are continuing under the provisions of the Prevention of Money Laundering Act.
If you'd like a punchier or shorter headline for print or social, I can swap in option 2 or 3 from before. Colombo Magistrate remands Colombo 12 man until October 01 as FCID probes alleged forex racket involving 89 companies.
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by (2026-09-23 19:03:43)
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