The Police Special Task Force (STF) has begun cracking down on money laundering smugglers who are using the Undial system, an illegal money exchanging scheme.
Foreign exchange transfers using the Undial system are now very common in the country. The Central Bank has identified that it has also contributed to the current foreign exchange crisis.
Accordingly, the STF has launched an operation to arrest those involved in those activities, said STF Commander DIG Waruna Jayasundara.
Accordingly, STF officers from Operations unit carried out a raid in Boralesgamuwa on the 14th and arrested US $ 47,000 along with two suspects. The value of these currencies in the country is over Rs. 17.1 million.
The suspects were aged between 40 and 51. They are residents of Boralesgamuwa.
Meanwhile, a suspect was arrested with 50,000 Euros in a raid carried out in the Papiliyana area yesterday. The value of those currencies in the country is close to Rs. 20 million.
The arrested suspect is a 53 year old man. The STF states that he is a resident of Punchi Borella.
The suspects were handed over to the CID’s Illegal Assets Investigation Division along with the money for further investigation.
