Fugitive – LSD News

Assets worth Rs. 20M belonging to fugitive underworld figure Kudu Salindu frozen

LSD News Szerkesztőség — Fri, 06 Mar 2026 08:59:58 +0000

Assets worth nearly Rs. 20 million belonging to notorious underworld figure and drug kingpin Salindu Malshitha Gunaratne, also known as “Panadura Kudu Salindu”, who is currently hiding abroad, have been frozen.

The Illegal Assets Investigation Division stated that the frozen assets, located at the Mahabellana junction on the Panadura–Ratnapura Road, include a house situated on a 40-perch plot of land, a warehouse complex, and a shop.

Kudu Salindu, who was previously arrested while hiding abroad and brought back to the country, had secretly fled overseas again after being released on bail by the court.

The Illegal Assets Investigation Division took steps to freeze these properties following an extensive investigation, which revealed that the assets were allegedly purchased using funds earned through drug trafficking.

In recent years, several individuals were shot and killed in the Panadura South, Hirana, and Pinwatta police areas due to a conflict between factions led by Kudu Salindu and “Panadura Kudu Nilanga”; however, these clashes have subsided following the arrest of Kudu Nilanga and several others.

At present, Kudu Salindu remains in hiding abroad, and the Illegal Assets Investigation Division is continuing its investigation into the incident.

Bangladesh criticises India over fugitive leader Hasinas speech

LSD News Szerkesztőség — Sun, 25 Jan 2026 15:43:03 +0000

Bangladesh said on Sunday (Jan 25) it was “surprised” and “shocked” that India had allowed fugitive former prime minister Sheikh Hasina to make a public address in New Delhi.

Hasina, 78, fled to neighbouring India in August 2024 after a student-led uprising ended her iron-fisted 15-year rule. She made her first public speech since then in an audio address to a packed press club in Delhi on Friday.

She was found guilty in absentia by a Dhaka court in November of incitement, issuing an order to kill and inaction to prevent atrocities and was sentenced to be hanged.

“The government and the people of Bangladesh are surprised and shocked,” Dhaka’s foreign ministry said in a statement.

“Allowing the event to take place in the Indian capital and letting mass murderer Hasina openly deliver her hate speech … constitute a clear affront to the people and the government of Bangladesh.”

It said allowing Hasina to make the speech set “a dangerous precedent” that could “seriously impair bilateral relations”.

Bangladesh voters go to the polls on Feb 12 to choose new leaders after a period of turmoil that followed the overthrow of Hasina’s autocratic government.

Hasina said in her audio address that “Bangladesh will never experience free and fair elections” under interim leader Muhammad Yunus.

More than 100,000 people watched the address, which was broadcast online.

Bangladesh has asked India to extradite Hasina, but New Delhi has yet to comment on the request.

India’s past support for Hasina has frayed relations between the South Asian neighbours since her overthrow.

Source: AFP

– Agencies

Fugitive founder of crypto hedge fund that lost $10 billion arrested in Singapore while attempting to flee

LSD News Szerkesztőség — Sat, 30 Sep 2023 06:08:48 +0000

Sopa Images | Lightrocket | Getty Images

Authorities have arrested crypto fugitive Su Zhu, co-founder of bankrupt digital asset hedge fund Three Arrows Capital, who was apparently attempting to flee Singapore.

Liquidators handling the bankruptcy estate of the collapsed fund, known as 3AC, said in a statement on Friday that Zhu was apprehended at Changi Airport in Singapore, trying to travel out of the city state.

Zhu and co-founder Kyle Davies have both been sentenced to four months in prison, according to Teneo, the financial advisory firm handling 3AC’s liquidation. Davies’ whereabouts remain unknown.

The Singapore Courts ruled against Zhu for deliberately failing to comply with court orders compelling him to cooperate with Teneo’s investigation into creditors’ claims and the implosion of the multibillion-dollar fund.

At its peak in 2022, 3AC managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. The firm filed for bankruptcy in mid-2022 after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its assets and leave it unable to repay lenders. 3AC had a lengthy list of counterparties, and its demise set off a wave of bankruptcies across the sector.

Davies, who remains at large, faces a similar committal order from the court. Police have been directed to arrest Davies and bring him in “safely” so he can serve his four-month sentence.

While Zhu is in custody, Teneo says it will work with him on matters relating to 3AC, “focusing on the recovery of assets that are either the property of 3AC or that have been acquired using 3AC’s funds.” The firm added that it may seek further court orders against him.

“Throughout the process, the liquidators’ priority has been recovering the assets of 3AC and maximising returns for its creditors,” Teneo said in a written statement.

In January, Davies and Zhu were reportedly attempting to attract investors for a new venture — a distressed debt marketplace dubbed GTX that was looking to capitalize on bankruptcies in the industry.

The Monetary Authority of Singapore, which has responsibility for regulating investment activities, has barred the co-founders from conducting regulated investment activity for nine years, according to Teneo.

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