⚖️ Lawyers Request AG Direction in Foreign Currency Transfer Case

• Case Overview: Counsel for the primary suspect, Jiffry Mohamed (A Y Investments Impex Ltd.), has written to the Attorney General seeking a complete investigation into the FCID's foreign currency transfer allegations. • Customs Clearance & Undervaluation: Lawyers urged police to investigate their own Court report (dated 20 August 2026), which states goods were cleared by Sri Lanka Customs. Counsel called for an inquiry into whether Customs accepted alleged undervaluation, potentially depriving the country of VAT, SSCL, and legitimate taxes. • Banking & Regulatory Compliance: The defense highlighted that advance payments were made lawfully through licensed commercial banks via telegraphic transfers, strictly adhering to the Special Import Licence and Payment Regulations No 1 of 2011 under Central Bank oversight. • Defense Position: The defense argues money laundering charges are untenable without investigating the sources of funds from associate companies or the overseas exporters, requesting the AG to direct a fair probe and consider bail for the suspect currently in his third month of remand.