Sri Lanka Police have taken steps to freeze several properties allegedly acquired through illegally earned income in two separate investigations conducted by the Illegal Assets Investigation Division and the Central Crimes Investigation Bureau. In the first case, police said an investigation was launched following a complaint against a resident of Udumulla, Batapola, who was suspected of earning money through unlawful means. Investigators found that properties purchased under the name of the suspect’s wife had allegedly been acquired using illegally earned funds. The assets include a 4.5-acre land valued at around Rs. 10 million, a 54-perch land worth approximately Rs. 5 million, and a two-storey house estimated at Rs. 30 million. Police said orders have been obtained to freeze the properties for seven days from June 17 under the Prevention of Money Laundering Act, pending further investigations. In a separate case, the Central Crimes Investigation Bureau found that a woman from Peliyagoda had allegedly acquired assets through proceeds generated from drug trafficking. According to police, investigations revealed that she had purchased a 10-perch land in the Katuwawala area and constructed a two-storey house using the suspected illicit funds. The woman was arrested on May 21 and has been remanded until June 19. Police said the property has also been frozen for seven days from June 17 under the Prevention of Money Laundering Act. Further investigations are underway. (Newswire) The post Police freeze properties worth millions linked to alleged illicit wealth appeared first on Newswire.
