Lanka-e-News Investigations Desk – In collaboration with the International Fraud Detection Network (IFDN) … 6 Oct 2025 …… with this title: “The Secret Millions: 12,000 Undeclared Overseas Accounts Expose Sri Lanka’s Hidden Corruption Web.
When investigators in Singapore first stumbled upon a string of suspicious bank accounts linked to a former Sri Lankan diplomat , they never imagined it would unravel into one of the largest offshore asset scandals in the island’s history.
But that single lead — a dormant account belonging to a former High Commissioner in Malaysia turn into Governor— has now exploded into a dossier containing the names of over 12,000 Sri Lankan citizens holding undeclared bank accounts across Singapore, Malaysia, Thailand, Indonesia, the Maldives, and the offshore haven of Labuan (Malaysia).The accounts, many of them active, collectively hold an estimated USD 2 billion, according to confidential reports shared exclusively with Lanka-e-News by international fraud investigators.












