Sri Lanka, Jan. 20 -- A 40-year-old man has been arrested under the Prevention of Money Laundering Act (PMLA) after police seized Rs. 283.3 million in cash and two vehicles suspected to have been illegally acquired.

The arrest was made during a special raid conducted yesterday (19) by officers of the Illegal Assets Investigation Division in Ibbagamuwa.

Police said initial investigations revealed that the suspect had maintained telephone contact with a drug trafficker believed to be hiding overseas and had collected money from local drug traffickers on the instructions of the suspect abroad.

Investigations further revealed that the two vehicles taken into custody had been purchased using proceeds from drug trafficking activities.

The s...