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Thursday, February 13, 2025
Thursday, February 13, 2025

HomeBusinessCBSL identified 21 companies involved in prohibited schemes

CBSL identified 21 companies involved in prohibited schemes

CBSL identified 21 companies involved in prohibited schemes

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

As a result, CBSL has identified 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. Frugo Online App/Frugo Online (Pvt) Ltd
  12. Ride to Three Freedom (Pvt) Company
  13. Knet
  14. Era Miracle (Pvt) Company and Genesis Business School
  15. Ledger block
  16. Isimaga International (Pvt) Co
  17. Bitcoin App and Sunbird Foundation
  18. Windex Trading
  19. The Enrich Life (Pvt) Company
  20. Smart Win Enterprises (Pvt) Ltd
  21. Net Four International (Pvt) Company / Netrix

However, the Central Bank of Sri Lanka has withheld the name of one company due to a court order restricting its disclosure.

The Central Bank of Sri Lanka urges the public to be cautious and alert to companies or financial schemes that may operate outside the legal framework.

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