The Central Bank of Sri Lanka has banned Fast 3 Cycle, Sport Chain, OnmaxDT and has identified them as banned pyramid Ponzi schemes. The CBSL has also forwarded a request to the Attorney General to consider filing criminal cases against the three prohibited pyramid schemes.

The CBSL said conducted an investigation into whether the three institutions and related parties are operating contrary to Section 83C of the Banking Act after receiving many complaints. Accordingly, it said the investigation reports, has been determined that the three entities Fast3Cycle International Pvt Ltd (F3C), Sports Chain App, Sport Chain ZS Society Sri Lanka and OnmaxDT and their directors, promoters and founders have acted in violation of Section 83C of the Banking Act.