Do you use these moblie apps? Check the CBSL’s list of prohibited pyramid schemes

The Central Bank of Sri Lanka has named 27 companies, mobile applications and groups linked to prohibited pyramid schemes under Section 83C of the Banking Act No. 30 of 1988, as amended.

In a public awareness notice, the Central Bank said an extensive investigation had established that Max App Media Ltd. and its affiliated companies, Max LK (Pvt) Ltd. and Max Media Lanka (Pvt) Ltd., had operated prohibited pyramid schemes.

The Central Bank said the following companies, applications and groups had been identified under the relevant provisions of the Act:

1. Tiens Lanka Health Care (Pvt) Ltd
2. Best Life International (Pvt) Ltd
3. Mark-Wo International (Pvt) Ltd
4. V M L International (Pvt) Ltd
5. Global Lifestyle Lanka (Pvt) Ltd
6. Fast3Cycle International (Pvt) Ltd
7. Sport Chain app and Sport Chain ZS Society Sri Lanka
8. OnmaxDT
9. MTFE App, MTFE SL Group, MTFE Success Lanka and MTFE DSCC Group
10. Fastwin (Pvt) Ltd
11. Fruugo Online App / Fruugo Online (Pvt) Ltd
12. Ride to Three Freedom (Pvt) Ltd
13. Qnet / Questnet
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
22. Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd
23. SGO / sgomine.com
24. I.C.A.N. Advertising (Pvt) Ltd
25. Infinity Rover (Pvt) Ltd
26. TM App
27. Max App Media Ltd., Max LK (Pvt) Ltd. and Max Media Lanka (Pvt) Ltd.