Endless Undial racket !

In an environment where the police are working hard to curb the illicit drug trade, the police have launched a special operation to nab the culprits and those involved in the Undial racket. As a result, STF officers were able to arrest several persons involved in such rackets and a stock of foreign currency recently. Accordingly, during a special operation conducted in the Boralesgamuwa area, about US $ 47,000 was seized by the police. It is close to 20 million rupees in local currency. Another similar raid was carried out by the Police Special Task Force (STF) on the 15th, which led to the arrest of a man. The suspect was a 53 year old resident of Punchi Borella. The arrested persons and the foreign currency have been handed over to the Illegal Assets Investigation Unit of the CID for further investigation.

In an environment where there are many serious economic and social crises due to the dollar crisis in the country, the imprisonment of the country in a further crisis has become a serious damage caused by the Undial racket. Therefore, it can be seen that the police are putting more weight on these days to curb the Undial racket which is being carried out in various countries and in the country in order to further increase their 'land'. The above raid is taking place in the country as a result.

What is this undial

Undial is a cash transaction that is completely outside of traditional banking. This method is widely used to transfer money from one country to another and Undial is based entirely on trust. Through this transaction, which is mediated by two or more agents, the active agents in Sri Lanka convert the foreign currency into rupees and account within a day, while the active agents in each country act in the same manner when sending money from Sri Lanka to other countries. The method of sending money from one country to another through banks through the accepted methods is now under serious threat. As there are no other charges including bank fees for sending money through the Undial system, it has now developed into a trend and it is having a detrimental effect on the national economy as it is done outside the legal system. Many are now making it possible for Sri Lankans to receive the salaries of expatriate Sri Lankan workers through Undial, which is considered a major source of foreign exchange for the country. Undial agents' commitment to the high value of money earned overseas and the expeditious disbursement of such funds to key individuals has been a major factor in Undial's popularity. Undial is now an economic owl and is causing serious damage to the entire society due to the transfer of money through Undial.

The Undial transaction, which started in India for the first time, has now become one of the leading money transfer systems not only in Sri Lanka but also in other parts of the world. Undial, an illegal foreign exchange trading system, was once used by smugglers and drug traffickers, but now it has become a popular method used by the general public. The time has come to make some sacrifices as citizens to get rid of it. Therefore, it can be termed as the highest possible care for the country at the moment if anyone, whether it is a business venture or a Southwest expatriate, is tempted to do so through the Sri Lankan dynamic banking system under the accepted methods of sending hard earned income to Sri Lanka.