Two Suspects Remanded in Rs. 190 Bn Illegal Transfer Case ⚖️

• Overall Case & Remand Details: Colombo Chief Magistrate Asanga S. Bodaragama extended the remand of two suspects—including primary suspect Jiffry Mohamed—until 12 November over an alleged illegal money transfer scheme totaling Rs. 190 Bn. Funds were reportedly funneled overseas under the guise of fake import-export transactions. • Investigation Updates: The Financial Crimes Investigation Division (FCID) filed formal objections to bail. Investigators are finalizing assessment reports and documenting foundational company operations, while also scrutinizing potential illicit ties with banking sector officials. • Next Steps: The court will deliver its official bail ruling on 12 November, keeping both suspects in custody until proceedings resume.