Sri Lanka Launches Investigation as $20 Million Foreign Currency Payment Goes Missing; USPS Confirms Funds Not Received
Sri Lanka launched an investigation after $20 million in foreign currency sent to the U.S. Postal Service went missing, with USPS confirming it never received the funds.
Sri Lanka is accelerating its investigation into the missing funds. As of April 30, according to Xinhua, Sri Lankan authorities initiated an inquiry into a foreign currency payment made by the Department of Posts to the United States Postal Service (USPS), which has confirmed it has not received 625,000 US dollars, or approximately 20.4 million baht.
The Department of Posts has launched an internal investigation while the Criminal Investigation Department conducts a parallel probe. Financial irregularities of this nature must undergo departmental-level review before law enforcement officials proceed with investigations following a formal complaint.
This issue has occurred more than once in the past, necessitating a more thorough examination of the payment processing procedures. However, no additional details have been disclosed regarding the transaction mechanism or the progress of the investigation.
