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CBSL lists companies engaged in pyramid schemes

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The Central Bank of Sri Lanka has conducted investigations and determined 21 companies that have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

The list of companies are found below.

  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. ………………………………….(1)
  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
  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

CBSL said that the disclosure of the name of a company which has been determined by the Central Bank of Sri Lanka under Section 83(C) of the Banking Act is withheld due to a court order issued pertaining to such company.

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