India will also provide aid for establishing a financial intelligence unit to probe the funds plundered abroad.
In addition, India will also exchange information they obtain regarding the matter with Sri Lanka.
Talks were held regarding the matter, during the Indian tour of President Maithripala Sirisena last week.
Economic Times, the Indian business magazine, quoting the President, stated that members of the previous regime have plundered the national wealth into small countries with tax concessions.
A considerable sum of money, amounting to billions of rupees, have been plundered into nations including Saint Martins, Hong Kong, Macau and Seychelles.
In addition, the magazine quoted President Maithripala Sirisena saying that prominent personalities of the previous regime have also made investments in Dubai, Uganda and Kenya.
It was also reported that during the US tour of Foreign Minister Mangala Samaraweera, he has requested the support of the US.
Indian media sources reported that the talks held between President Maithripala Sirisena and Indian Premier Narendra Modi were held on friendly terms.
Economic times further quoting an Indian top representative, stated that previous Sri Lankan government risked the security of India, while the current Sri Lankan regime is taking measures to rectify the issue.