Two bank accounts suspected to hold Rs. 10 billion from drug trafficking uncovered

Tuesday, 21 October 2025 - 2:27

Two+bank+accounts+suspected+to+hold+Rs.+10+billion+from+drug+trafficking+uncovered

The newly established Division for Investigation of Criminal Assets (DICA) has uncovered two bank accounts suspected to contain Rs. 10 billion, believed to have been amassed through drug trafficking.


DICA was officially inaugurated yesterday (20) under the patronage of the Minister of Public Security, Ananda Wijepala, and Inspector General of Police (IGP) Priyanta Weerasuriya.


The Division was established under the Proceeds of Crime Act, No. 05 of 2025, which was certified by Speaker Dr. Jagath Wickramaratne on April 30, 2025, following its first reading in Parliament on March 1, 2025.


The Act provides legal provisions for the recovery, investigation, and disposal of criminal assets, and establishes an authority to manage such assets. It also includes measures for inter-agency and international cooperation in the recovery of criminal proceeds.


The discovery of these accounts came while investigating a separate account linked to a priest, which was tied to the suspect known as “Loku Pati” .


During the inauguration, Minister Wijepala highlighted that the new Act allows for speedy enforcement of the law and is expected to strengthen efforts to curb organized crime and drug trafficking in Sri Lanka.


 



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