CID investigates into 02 businessmen who have fraudulently sent dollars abroad

Date:

The CID has informed the court that it has commenced an investigation into two businessmen who fraudulently remitted US $ 260 million worth of goods abroad under the pretext of importing goods.

It is said that the CID has reported the matter to the Colombo Chief Magistrate Buddhika C. Ragala yesterday (31).

The CID has informed the court that it was revealed that the two businessmen had sent US dollars from Sri Lanka to foreign countries, indicating that they were importing dates, gold, and other goods through a company registered as Noora Multi Traders.

Accordingly, they have informed the court that an investigation has been initiated against them under the Prevention of Money Laundering Act No. 5 of 2006.

Share post:

spot_imgspot_img

Popular

More like this
Related

Government Probes into Rapid Expansion of Unregulated Co-operative Banks

Financial institutions mushrooming in the island without a proper oversight as...

Sri Lanka Launches Bold Crackdown to Recover Stolen Wealth

In a sweeping move to confront decades of entrenched...

Guarantee Trap: Hidden Fiscal Risks Lurking in Sri Lanka’s Debt

Sri Lanka’s growing dependence on government guarantees has turned...

Sri Lanka’s Gem Glory Dimmed by US $1 Billion Black Market

The gem and jewellery industry in Sri Lanka long...