CBSL lists companies engaged in pyramid schemes

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.