Sri Lanka, June 17 -- New legal measures will be taken by the government in the future to control the outflow of a massive amount of foreign exchange from the country through fraudulent tactics.

Public Security Minister Ananda Wijepala made this statement.

This move aims to crack down on smugglers engaged in illegal money laundering.

The Minister also noted that an amount of USD 85 million left the country during the recent period under the guise of paying for imports.

The Minister revealed that a certain business entity credited an amount of Rs. 12.89 billion to 256 companies located in 26 different countries on 953 occasions.

He also mentioned that another institution illegally transferred an amount of nearly Rs. 13 billion out of ...