Around Rs. 74 billion has allegedly been transferred through 89 bank accounts in 10,151 transactions as part of an Undiyal money transfer operation, Cabinet Spokesperson Minister Dr. Nalinda Jayatissa stated.

The investigation concerns the alleged illegal transfer of around US$1 billion overseas and was launched in January 2026 following a complaint by Sri Lanka Customs.

One person was arrested in Negombo in June, while four managers of leading private banks were later arrested over their alleged involvement.

The suspects are being investigated under the Prevention of Money Laundering Act and the Penal Code.