Two accused of transferring US$ 47,000 via Undiyal system arrested

Date:

The Police Special Task Force (STF) has arrested two persons accused of attempting to transfer US$ 47,000 via the Undiyal system, based on a tip-off.

Accordingly, the two were arrested during a raid in Boralesgamuwa.

The suspects are accused of attempting to transfer dollars via the controversial underground money transfer system in order to get more money from the banks.

The two are to be prosecuted for money laundering, reports added.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Ceylon Dollar Bond Fund Shines amid Revival of Sovereign Confidence

Sri Lanka’s dollar bond market once battered by default...

Sri Lanka beer market balances tax burden with tourist-driven demand

Sri Lanka’s beer sector is navigating a delicate balance...

Expert Warns of dismantling tariffs and para-tariffs Risking  Economic Stability 

Sri Lanka must not rush into dismantling tariffs and...

Sri Lanka Tourism Booma, amidst Revenue Bust and : Mismanaged Agencies

Sri Lanka may be celebrating record-breaking tourist arrivals, but...