CID to Freeze Bank Accounts Linked to Pyramid Schemes

Speaking at a public awareness event organized by the Central Bank of Sri Lanka (CBSL) on financial fraud and pyramid schemes, Jayasundara emphasized that assets accumulated through such illicit means will be confiscated under the Prevention of Money Laundering Act or other applicable laws.

He revealed that assets worth Rs. 4,222 million connected to pyramid scheme operators have already been frozen. Furthermore, over 71 suspects involved in these fraudulent activities have been arrested and produced before court.

The CID urges the public to remain vigilant and avoid falling prey to these schemes, which often promise high returns with little risk.