A suspect has been arrested under the Money Laundering Act following a raid conducted in the Welivita Police Division yesterday evening (18) based on information received regarding an individual allegedly involved in illegal money transactions through the Undiyal system.
The raid was conducted by the Homicide and Organized Crime Investigation Division of the Criminal Investigation Department (CID).
During the operation, the suspect was unable to provide confirmation regarding the source of Rs. 10,467,000 in his possession, resulting in his arrest under the Money Laundering Act.
A counterfeit Rs. 1,000 note was also recovered from the suspect, police said.
The suspect is a 19-year-old resident of Colombo 05.
Further investigations are being conducted by the Homicide and Organized Crime Investigation Division of the CID.
