Cops seize Rs. 780 Mn worth illegal property

COLOMBO (News 1st); The Sri Lanka Police Illegal Assets and Property Investigation Division carried out investigationsa against 1,100 persons for money laundering during the past 07 months, after being launched in July last year.

Approximately 325 drug related investigations are being carried out, and at present, nearly Rs. 780 million worth of property amassed through illegal means have been seized.

Following the arrest of a suspect by the Narcotics Bureau, this division conducts investigations into his illegal assets and properties, elaborated the Police Spokesperson on the modus operandi of the investigations.

The relevant division is currently conducting investigations into 18 illegal activities related to the drug trafficking, liquor trafficking, arms trafficking and human trafficking.

In addition to enforcing the law on a suspect's illegal activity, separate investigations are carried out into the assets earned from the illegal activity by this division.

The seized assets so far are worth Rs. 780 million, with houses, cars, land, jewelry and frozen bank accounts.

During its tenure of investigations 21 persons have been arrested and their properties have been frozen.