Sri Lanka, Sept. 10 -- A 34-year-old man has been arrested in the Maradana area in connection with an alleged illegal foreign money-transfer operation involving approximately US$80 million, police said.

The arrest was made by officers attached to the Financial Crimes Investigation Division (FCID), who are investigating the suspected transfer of the funds to foreign bank accounts through an allegedly illegal Telegraphic Transfer (TT) system.

According to investigators, the transactions were carried out over a two-year period from 2023 to 2025, with the total amount reportedly equivalent to around Rs. 23 billion.

Published by HT Digital Content Services with permission from Daily Mirror Sri Lanka....