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CBSL issues revised list of companies engaged in prohibited pyramid schemes
Jul 02, 202606:19 AM
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CBSL issues revised list of companies engaged in prohibited pyramid schemes
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The Central Bank of Sri Lanka (CBSL) has issued an amended list of companies and institutions that are reportedly engaged in prohibited pyramid schemes. 

 

The CBSL noted that in terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka conducted an investigation and ascertained that “Infinity Rover (Pvt) Ltd” has engaged, conducted and promoted a prohibited scheme.

 

Accordingly, the CBSL has amended its listed of companies that are engaged in prohibited pyramid schemes.

 

The Central Bank noted that following Companies/Apps have been ascertained and determined as prohibited schemes under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. 

 

1. Tiens Lanka Health Care (Pvt) Ltd
2. Best Life International (Pvt) Ltd
3. Mark – Wo International (Pvt) Ltd
4. V M L International (Pvt) Ltd
5. Global Lifestyle Lanka (Pvt) Ltd
6. Fast3Cycle International (Pvt) Ltd
7. Sport Chain app, Sport Chain zs society Sri Lanka
8. OnmaxDT
9. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
10. Fastwin (Pvt) Ltd
11. Fruugo Oline App/ Fruugo Oline (Pvt) Ltd
12. Ride to Three Freedom (Pvt) Ltd
13. Qnet/ Questnet
14. Era Miracle (Pvt) Ltd. And Genesis Business School
15. Ledger Block
16. Isimaga International (Pvt) Ltd
17. Beecoin App and Sunbird Foundation
18. Windex Trading
19. The Enrich Life (Pvt) Ltd
20. Smart Win Entrepreneur (Pvt) Ltd
21. Net Fore International (Pvt) Ltd./ Netrrix
22. Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd
23. SGO/sgomine.com
24. I.C.A.N. Advertising (Pvt) Ltd and its affiliates icanonlineadvertising.com/bannercuts.com/bannercuts.lk/bannercusts.net/bannercuts.org
25. Infinity Rover (Pvt) Ltd

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