Arrest made in Rs. 190 b illicit remittance case

A suspect accused of orchestrating an alleged scheme to illegally transfer nearly Rs. 190 billion out of Sri Lanka under the guise of importing goods has been arrested and later remanded until 9 July by the Colombo Chief Magistrate's Court.

- 

Colombo Chief Magistrate Asanga S.Bodaragama issued the order after the suspect, Jeffrey Mohamed, was produced before Court following his arrest by the Financial Crimes Investigation Division (FCID) and detention for questioning.

Presenting facts before Court, Senior State Counsel Oswald Perera alleged that the suspect had fraudulently transferred nearly Rs.190 billion overseas by claiming to import goods from foreign countries.