“No new significance” in Sri Lankan money laundering busts, say local police
20 Sep 2011, 1:59 PM
Eleanor Johnstone
Sri Lankan police are investigating a large-scale money laundering case based in Colombo, that reportedly extends to the Maldives.
Local police representatives say no significant case has been filed with Maldivian authorities so far.
According to local media, money was being transferred from the Maldives to various illegal money transfer agents in neighboring Sri Lanka. The money is suspected to be used for such criminal activities as purchasing and distributing narcotics and other contraband.
Last week, Rs. 81.76 million (Rf11.4 million) was seized at Sri Lanka Customs, the largest amount of foreign currency to be detected at Bandaranaike International Airport (BIA). Haveeru reports that dollars from Australia, Canada and the US, as well as sterling pounds, Kuwaiti dinars, UAE Dirhams, Saudi Riyals, Swiss Francs and Euros were included in the stash.
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