Assets worth over Rs. 30 Mn frozen in drug probe

24 March 2026 03:56 pm Views - {{hitsCtrl.values.hits}} 3 Bookmark

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Colombo, March 24 (Daily Mirror) - The Illegal Assets Investigation Division has frozen properties and financial assets worth over Rs. 30 million linked to suspected drug trafficking activities.

Police said the assets were frozen following an investigation conducted into a female suspect residing in the Colombo 14 area, who is believed to have accumulated significant wealth through illegal narcotics operations.

Acting on a complaint, investigators carried out a detailed probe into her financial transactions, leading to court orders issued by the Negombo and Colombo High Courts under the Prevention of Money Laundering Act.

Accordingly, several assets including land and four shop premises in Colombo 14 and Ja-Ela, valued at more than Rs. 51.4 million, have been frozen. Police have also taken action on a three-storey house and six bank accounts containing nearly Rs. 5.9 million.

Further inquiries uncovered additional property suspected to have been acquired through illicit earnings. Based on these findings, a separate order was obtained to freeze a luxury three-storey house in Wennawatta, Wellampitiya, valued at around Rs. 30 million.

Police said the latest freezing order will remain in effect for seven days from March 20, 2026, as investigations continue into the suspect’s alleged involvement in drug trafficking and money laundering activities.

Comments - 3

Gajendran Tuesday, 24 March 2026 06:05 PM

Biggest crooks are at Havelock city. Happy place for crooks. Renting apartments to foreigners for foreign currency in cash, no lease agreement and no tax to govt.

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Just saying Wednesday, 25 March 2026 12:47 AM

Why freeze assets for such a sort period of time? Assets should be frozen until the person is either convicted or acquitted. Otherwise, assets and money will disappear once “ freeze” is lifted.

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Ram P Wednesday, 25 March 2026 05:12 AM

It is encouraging for us to see assets of drug barons frozen. The money must be confiscated if they are convicted. Recently a drug dealer received the death penalty. Now we have to maintain him during the rest of his life. He will enjoy his stay in custody directing his business. If hard labour was given for life at least the government would collect some benefit. Further a heavy fine and/or confiscation of assets too was missing in the order

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