Indian national smuggling foreign currency arrested in Sri Lanka

Oct 13, Colombo: A foreign national who attempted to smuggle foreign currency out of Sri Lanka was arrested at the Bandaranaike International Airport (BIA), Sri Lanka Customs announced.

The arrested person is an Indian national who was bound for Chennai. The arrest was made just before his flight left, the Customs said.

The individual had currency equivalent to Rs. 14.8 million. The currency included US and Australian dollars, Euros, Japanese Yens and Kuwaiti Dinars. The money was found hidden in 14 adapters he was taking away from Sri Lanka, sources said.

Last month, the Customs seized Rs. 81.76 million which is the largest detection of foreign currency discovered at the BIA. The currency included US, Canadian and Australian Dollars, Sterling Pounds, Euros, Kuwaiti Dinars, UAE Dirhams, Saudi Riyals and Swiss Francs.

In early September during raids carried out in the Sri Lankan capital, the Colombo Fraud Bureau seized nearly Rs.9 million worth of foreign currency and arrested four suspects.

Following the raids, the Sri Lankan police have begun investigations into a large-scale money laundering racket carried out in Colombo which involved money being transferred from Maldives to illegal money transfer agents in Sri Lanka.

The police suspect that the money transferred from Maldives to Colombo is used for drug trade and the suspects are using Colombo as a money transfer point.

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