The Central Bank of Sri Lanka (CBSL) has issued a public warning against Prohibited Pyramid Schemes operating in the country.
CBSL investigations have identified 21 companies involved in illegal pyramid schemes.
These activities are prohibited under Section 83(C) of the Banking Act, No. 30 of 1988, as amended.
Among the companies exposed are Tiens Lanka Health Care (Pvt) Ltd, Best Life International (Pvt) Ltd, and Mark – Wo International (Pvt) Ltd.
Other entities include Fast3Cycle International (Pvt) Ltd, Qnet, and Ledger Block, among others.
The public is urged to avoid involvement in these illegal schemes to prevent financial losses.
CBSL revealed that one company’s name remains undisclosed due to a court order related to its determination under the Banking Act.
