🚨 FCID Arrests Wellampitiya Resident Over Alleged $ 25 Mn Illicit Capital Outflow

• Overall Case Details: A 25-year-old suspect from Wellampitiya was arrested by the Police Financial Crimes Investigation Division (FCID) for allegedly transferring US$ 25 Mn (~Rs. 7.5 Bn) out of Sri Lanka through illicit foreign exchange transactions. • Modus Operandi: The suspect purportedly channeled funds via Telegraphic Transfers (TTs) through commercial banks between January 2024 and July 2025. • Network & Operations: Transfers were executed under six local shell companies using trade import guises, but no physical goods were ever brought into the country against the funds transferred. • Investigation Status: FCID investigations remain ongoing regarding these suspected trade-based foreign exchange laundering activities.