Fisherman arrested for amassing Rs.90Mn assets beyond his means

• Assets include a luxury motorcar and two houses 

By Romesh Madusanka   

An individual in Talaimannar who had in possession of  assets amounting to Rs. 90 million suspected to have earned through  illegal means was arrested by Illegal Assets Investigation Division and  Talaimannar Police on Thursday (02). He is a fisherman.   

The assets including a luxury motorcar valued at more than  Rs.10 million, two houses and trade stalls in Talaimannar and  Sinnakadai area all valved more than Rs. 80 million were seized under  the provisions of Money Laundering Act No 05 of 2006 amended by Act  No.40 of 2011.   

The police had carried out the raid during the ongoing investigations of illegal assets earned by individuals in the North.   

 Police said the 42-year-old suspect would be produced in court.