Education

Sri Lanka’s Central Bank Warns Public Against 22 Illegal Pyramid Schemes

The Central Bank of Sri Lanka (CBSL) has issued a public notice alerting both local and international audiences about a series of illegal pyramid and prohibited investment schemes operating under various company names and online platforms.

Following an investigation conducted under Section 83(C) of the Banking Act No. 30 of 1988, the CBSL confirmed that “SGO/sgomine.com” has been engaging in, conducting, and promoting a prohibited pyramid scheme.

In addition, the following companies, apps, and organizations have also been officially identified as operating unlawful pyramid or pyramid-type schemes:

  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 and Shade of Procare (Pvt) Ltd

The Central Bank advises the public to exercise extreme caution and avoid participation in any of the above operations, noting that such schemes often result in financial loss and violate national financial regulations.

Reporter

Share
Published by
Reporter
11 months ago

Recent Posts

Capacity Building Programme for Officers from Sri Lanka Education Administrative Service

A delegation of 20 officers from Sri Lanka Education Administrative Service under the Ministry of…

1 week ago

Sri Lanka Grade 5 Scholarship 2026: Popular School Cut-Off Marks Expected in Early November

Sri Lanka’s 2026 Grade 5 Scholarship Examination popular-school cut-off marks are expected to be released…

1 month ago

Sri Lanka to Introduce New National Youth Policy by 2027, With Education and Skills at the Centre

COLOMBO, Sri Lanka — Sri Lanka plans to finalise and implement a new National Youth…

1 month ago

Sri Lanka, China Strengthen Education Cooperation Ahead of 70th Anniversary of Diplomatic Ties

COLOMBO, Sri Lanka — Sri Lanka and China are set to deepen cooperation in education…

1 month ago

Sri Lanka UGC Launches Research Grant Scheme to Improve University Rankings

COLOMBO, Sri Lanka — Sri Lanka’s University Grants Commission (UGC) has introduced a new research…

1 month ago

Sri Lanka’s School Big Matches Exempt from New School Alcohol Ban

COLOMBO, Sri Lanka — Sri Lanka’s new restrictions on alcohol and drug promotion at school-related…

1 month ago
Casino paper io betwinner taraftarium24 istanbul escort escort pendik yeni bahis siteleri 
<script type="text/javascript">
(function(window, document, dataLayerName, id) {
window[dataLayerName]=window[dataLayerName]||[],window[dataLayerName].push({start:(new Date).getTime(),event:"stg.start"});var scripts=document.getElementsByTagName('script')[0],tags=document.createElement('script');
function stgCreateCookie(a,b,c){var d="";if(c){var e=new Date;e.setTime(e.getTime()+24*c*60*60*1e3),d="; expires="+e.toUTCString()}document.cookie=a+"="+b+d+"; path=/"}
var isStgDebug=(window.location.href.match("stg_debug")||document.cookie.match("stg_debug"))&&!window.location.href.match("stg_disable_debug");stgCreateCookie("stg_debug",isStgDebug?1:"",isStgDebug?14:-1);
var qP=[];dataLayerName!=="dataLayer"&&qP.push("data_layer_name="+dataLayerName),isStgDebug&&qP.push("stg_debug");var qPString=qP.length>0?("?"+qP.join("&")):"";
tags.async=!0,tags.src="//aam.adstudio.cloud/containers/"+id+".js"+qPString,scripts.parentNode.insertBefore(tags,scripts);
!function(a,n,i){a[n]=a[n]||{};for(var c=0;c<i.length;c++)!function(i){a[n][i]=a[n][i]||{},a[n][i].api=a[n][i].api||function(){var a=[].slice.call(arguments,0);"string"==typeof a[0]&&window[dataLayerName].push({event:n+"."+i+":"+a[0],parameters:[].slice.call(arguments,1)})}}(i[c])}(window,"ppms",["tm","cm"]);
})(window, document, 'dataLayer', '2f3c3ac5-efd8-4f09-8bfb-67440a25c884');
</script><noscript><iframe src="//aam.adstudio.cloud/containers/2f3c3ac5-efd8-4f09-8bfb-67440a25c884/noscript.html" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>

<div id="block_3845"></div>
<div id="block_3852"></div>
ssp.adstudio.cloud, 1099, DIRECT


rubiconproject.com, 23236, RESELLER, 0bfd66d529a55807