Sri Lanka, June 16 -- The Sri Lanka Police have frozen the assets of 88 individuals linked to organized crime and financial fraud.

Of these, 26 are suspected of organized criminal activities and drug trafficking while the rest face charges under the Prevention of Money Laundering Act.

Frozen assets include land, houses, bank accounts, vehicles, jewellery, business premises, and paddy fields.

This action follows several recent legal moves aimed at curbing illicit wealth accumulation.

Between December 2024 and January 2025, authorities seized criminal assets worth approximately USD 22.4 million, including USD 15.25 million tied to drug traffickers.

In May, the government has issued an extraordinary gazette notification announcing the f...