The CBSL stated that, in terms of Section 83(C) of the Banking Act, No. 30 of 1988, as amended, it investigated the operations of Infinity Rover (Pvt) Ltd and determined that the company had engaged in, conducted, and promoted a prohibited pyramid scheme.
With this latest amendment, the number of entities identified by the Central Bank as operating prohibited schemes has increased to 25.
The companies, applications, and organizations listed by the CBSL are:
Tiens Lanka Health Care (Pvt) Ltd
Best Life International (Pvt) Ltd
Mark-Wo International (Pvt) Ltd
V M L International (Pvt) Ltd
Global Lifestyle Lanka (Pvt) Ltd
Fast3Cycle International (Pvt) Ltd
Sport Chain App / Sport Chain ZS Society Sri Lanka
OnmaxDT
MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
Fastwin (Pvt) Ltd
Fruugo Oline App / Fruugo Oline (Pvt) Ltd
Ride to Three Freedom (Pvt) Ltd
Qnet / Questnet
Era Miracle (Pvt) Ltd and Genesis Business School
Ledger Block
Isimaga International (Pvt) Ltd
Beecoin App and Sunbird Foundation
Windex Trading
The Enrich Life (Pvt) Ltd
Smart Win Entrepreneur (Pvt) Ltd
Net Fore International (Pvt) Ltd / Netrrix
Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd
SGO / sgomine.com
I.C.A.N. Advertising (Pvt) Ltd and its affiliated platforms: icanonlineadvertising.com, bannercuts.com, bannercuts.lk, bannercusts.net, and bannercuts.org
Infinity Rover (Pvt) Ltd
The Central Bank has repeatedly advised the public to exercise caution before investing in or participating in schemes that promise unusually high or guaranteed returns, warning that prohibited pyramid schemes are illegal under Sri Lankan law.
The CBSL urged the public to verify the legitimacy of investment opportunities and to avoid engaging with entities that have been identified as operating prohibited schemes.
