CBSL reveals names of 20 prohibited pyramid schemes

Wednesday, 22 January 2025 00:26 - - {{hitsCtrl.values.hits}}

Central Bank of Sri Lanka this week disclosed names of 21 prohibited pyramid schemes.

The move follows conclusion of investigations by the CBSL for engaging in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

The schemes are Tiens Lanka Health Care Ltd., Best Life International Ltd., Mark – Wo International Ltd., V.M.L. International Ltd., Fast3Cycle International Ltd., Sport Chain app, Sport Chain zs society Sri Lanka, OnmaxDT, MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group, Fastwin Ltd., Fruugo Oline App/Fruugo Oline Ltd., Ride to Three Freedom Ltd., Qnet, Era Miracle Ltd., And Genesis Business School, Ledger Block, Isimaga International Ltd., Beecoin App and Sunbird Foundation, Windex Trading, The Enrich Life Ltd., Smart Win Entrepreneur Ltd., and Net Fore International Ltd./Netrrix.

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