Colombo, Oct. 21 -- Claiming that some major scams including Central Bank Bond scam are in the hands of the Criminal Investigations Department (CID) and Financial Crimes Investigation Division (FCID) Public Security Minister Ananda Wijepala said yesterday the newly established Proceeds of Crime Investigation Division would facilitate and expedite investigations into such major financial crimes.

Speaking at the opening of the new division, the Minister said the unit would be instrumental in recovering illegally acquired assets.

He noted that a former Auditor General had once stated that Sri Lanka had obtained project loans amounting to USD 8 billion, but the country possessed assets worth less than USD 2 billion, adding that the remainin...