Five people have been arrested for allegedly providing banking services without authorization and buying and selling foreign currency without permission.

Police said a special task force conducted a search operation in connection with a case being investigated by the Complex Financial Investigation Section of the Economic Crime Investigation Department.

During the operation, police searched four expatriates, a Maldivian national, a shop and the residence of one of the expatriates.

Police are investigating the case and have not provided any further details.