LNP – CBSL identifies 21 companies engaged in prohibited schemes

The Central Bank of Sri Lanka (CBSL) said today that it has completed investigations into various companies suspected of engaging in activities prohibited under Section 83(C) of the Banking Act, No. 30 of 1988 (as amended). 

As a result, the CBSL has identified a total of 21 companies involved in such schemes. They include:
1. Tiens Lanka Health Care (Pvt) Ltd  
2. Best Life International (Pvt) Ltd  
3. Mark – Wo International (Pvt) Ltd  
4. VML International (Pvt) Ltd  
5. [Company Name Not Disclosed]  
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 Online App/Fruugo Online (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  

However, the CBSL has withheld the name of one company due to a court order that restricts its disclosure. 

The CBSL urges the public to exercise caution and beware of companies or financial schemes that might be operating outside the legal framework.