11 smugglers under probe for Undiyal money transactions | Breaking News

The Central Bank and the Illegal Assets and Property Investigation Unit at the Police have launched an investigation into 11 large-scale smugglers who are transacting money illegally in Sri Lanka through the Undiyal and Hawala system.

In addition, investigations have commenced on 33 other individuals involved in this smuggling.

These investigations have been launched with the discovery of a large racket in which instead of sending foreign exchange earned by Sri Lankans abroad into the country, the smugglers collect foreign currency through their agents abroad and distribute the large wealth earned from drug trafficking in the country in rupees to the families of migrant workers.

Four teams have been deployed under the Director of Illegal Assets and Property Investigation Unit, Senior Superintendent of Police Laksiri Geethal, in search of these smugglers on a request made by the Central Bank Governor from the Inspector General of Police.

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