Sri Lanka Police have imposed temporary restrictions on transactions involving two properties in Embilipitiya valued at more than Rs.130 million as part of an investigation into suspected proceeds from illegal narcotics trafficking.
Police say the properties were identified following information referred to the Illegal Assets Investigation Division.
Investigators are examining whether the assets were acquired using proceeds linked to illegal drug trafficking under the Prevention of Money Laundering Act.
Two properties worth about Rs.130 million
One property in the Kawantissapura area of Embilipitiya is valued at approximately Rs.70 million.
A second property in the Bimbaduyaya/New Town area of Embilipitiya is valued at approximately Rs.60 million.
Together, their reported value exceeds Rs.130 million.
Police have imposed orders preventing transactions involving the properties for 14 days from September 7 while investigations continue.
Assets frozen, allegations not proven
The freezing of the properties is an investigative measure.
It does not establish that the owners or persons linked to the properties have been found guilty of drug trafficking or money laundering.
Police are investigating whether the assets were acquired using proceeds from illegal narcotics activity, and those suspicions remain subject to investigation and any subsequent judicial process.
No conclusion of guilt should be implied unless established through the appropriate legal process.