Rs. 150 million worth assets earned from drug money freezed

Colombo, July 24 (Daily Mirror) - Police have freezed Rs. 150 million worth of assets said to have been illegally accumulated by two individuals in Dewanigoda, Rathgama.

The Criminal Investigation Department (CID) launched an initial investigation into a complaint that a resident of the Dewinigoda area in Rathgama had accumulated assets using money earned through organised crime and drug trafficking. 

Facts regarding this complaint were accordingly reported to the Magistrate’s Court of Galle.

Based on the facts revealed during the investigation, further inquiries were referred to the Illegal Assets Investigation Division, which subsequently conducted an investigation.

During the investigation, it was disclosed that properties worth Rs. 150 million were purchased in the name of the suspect's mother-in-law using money illegally earned by the suspect and his wife’s brother.

Accordingly, it was revealed that a 31.7-perch land with a three-story building valued at Rs. 60 million, a 9.30-perch land with a partially completed three-story building valued at Rs. 45 million, a 3.1-perch land valued at Rs. 5 million and a 9.88-perch land with a single-story house valued at Rs. 10 million had been purchased in the name of the suspect's mother-in-law.

Uder the provisions of the Prevention of Money Laundering Act, orders freezing these properties for a period of seven days starting from July 23, 2026, have been issued.