The Colombo Magistrate’s Court has remanded a 25-year-old resident of Wellampitiya until 15 October over the alleged transfer of USD 25 million (about Rs. 7.5 billion) overseas through fraudulent Telegraphic Transfers.
The suspect was arrested by the Police Financial Crimes Investigation Division (FCID).
Investigators said he allegedly moved the funds between January 2024 and July 2025 through six Sri Lankan shell companies and commercial banks.
The transfers were reportedly made as payments for imported goods, but investigators said no imports took place against the transactions.
The case returns to court on 15 October.
