19-Year-Old Arrested Over Undiyal Money Transfers

COLOMBO (News 1st); A 19-year-old suspect has been arrested by the Criminal Investigation Department (CID) for allegedly committing offences under Sri Lanka's anti-money laundering laws.

Police said the arrest was made on Tuesday (19) afternoon within the Dam Street Police Division following information received by the CID regarding the operation of an Undiyal network, an illegal money transfer system used to conduct unauthorized financial transactions.

According to investigators, the suspect was taken into custody after inquiries revealed that he had failed to satisfactorily account for or verify earnings exceeding Rs. 10.467 million.

Police further stated that a counterfeit Rs. 1,000 currency note was also recovered from the suspect's possession during the operation.

The arrested suspect is a 19-year-old resident of Colombo 05.