Alleged Money Laundering: Company Director Arrested by the FCC

A 29-year-old company director has been temporarily charged with money laundering following an investigation by the Financial Crimes Commission (FCC) on Thursday, December 18.

He is suspected of laundering Rs 725,000.

In April and May 2025, he allegedly embezzled Rs 724,980, the origin of which is deemed suspicious.

The FCC believes the director had sufficient evidence to conclude that the money in question came from dubious sources. On Thursday, December 18, the FCC opposed his release on bail, resulting in his detention. The investigation is ongoing.