Communication Devices Seized in Sri Lanka's 'Krish Transaction' Fraud Probe

Sri Lankan police have seized 41 communication devices, including laptops and mobile phones, as part of a probe into a major financial fraud linked to the "Krish transaction." The investigation is focused on a controversial 99-year lease agreement for a 4.3-acre plot in Colombo's Transwork Square.

The Financial Crimes Investigation Unit of the Criminal Investigations Department stated in court that the seized devices belong to individuals and companies involved in opening bank accounts, both domestically and internationally, for fund transfers related to the Krish transaction. These devices have been sent to the government examiner for analysis.

The investigation, initiated by the police in 2025, is examining the Sampath Bank and HSBC accounts through which funds allegedly circulated. Search warrants were obtained to seize the evidence. The probe gained momentum after Sri Lanka's central bank's financial intelligence unit revealed that over EUR 1.2 million from a German bank and EUR 1,497,446 from an Australian bank were transferred to local bank accounts.

Police have informed the court that the funds were exchanged in connection with a hospital project in the Hambantota and Nuwara Eliya districts. Investigations are also underway regarding the purchase of a property in Sri Lanka for Rs 188 million using these transferred funds. Further inquiries are being conducted as financial intelligence reports suggest additional financial fraud occurred in the Krish transaction, for which Parliamentarian Namal Rajapaksa faces charges.