Police have arrested a teenager in Colombo after discovering a large sum of cash linked to informal money transfer schemes, along with counterfeit currency.

The Criminal Investigation Department (CID) has arrested a 19-year-old resident of Colombo 05 following a raid in the Dam Street Police Division on suspicion of illegal financial activities. The operation was conducted by officers from the Homicide and Organised Crime Investigation Division based on intelligence regarding involvement in unlawful money transactions through the 'Undiyal' system, an informal money transfer method.

During the search, authorities discovered approximately Rs. 10.47 million in cash that the suspect could not adequately account for through legitimate sources. In addition to the large sum, police also recovered a counterfeit Rs. 1,000 note from the suspect's possession.

The suspect has been taken into custody under provisions of the Money Laundering Act. The Homicide and Organised Crime Investigation Division continues to investigate the matter to determine the full scope of the suspected illegal transactions and the origin of the funds involved.