Srilanka, June 26 -- It was revealed before the Colombo Chief Magistrate's Court that 89 companies registered in Sri Lanka had remitted more than Rs. 190 billion in US dollars out of the country under the guise of importing goods, despite no such goods being imported into the country.



This was revealed when a suspect arrested in connection with the alleged racket was produced before the court on Thursday (25).



The suspect, identified as Jeffrey Mohamed, was recently arrested by the Financial Crimes Investigation Division (FCID) in connection with the racket.



The Colombo Chief Magistrate's Court had previously granted permission to detain and question the suspect for seven days, following which he was produced before Colombo ...