The Colombo High Court yesterday (June 12) had ordered to confiscate over Rs. 201 million in a private bank account of a Chinese businessman who was involved in the gem trade without a licence.
Colombo High Court Judge Adithya Patabendige sentenced the businessman, found guilty of money laundering, to a two years’ rigorous imprisonment, suspended for 15 years.
The case was filed by the Attorney General’s Department accusing the suspect of 03 charges.
The accused was found guilty only on the charge of depositing the proceeds from the gem trade in a bank account without a licence.
Considering the facts, the Colombo High Court Judge had ordered the suspension and confiscation of Rs.201,664,274.20 that he had earned through illegal activities.
(Excerpts : dailynews.lk)
