The Central Bank of Sri Lanka has concluded investigations into numerous companies suspected of violating Section 83(C) of the Banking Act No. 30 of 1988 (as amended). Following the investigations, the Central Bank has identified 21 companies involved in activities deemed prohibited under the law.
The identified companies include:
- Tiens Lanka Healthcare (Pvt) Ltd
- Best Life International (Pvt) Ltd
- Mark – Wo International (Pvt) Ltd
- VML International (Pvt) Ltd
- [Company name withheld due to court order]
- 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
- Frugo Online App/Frugo Online (Pvt) Ltd
- Ride to Three Freedom (Pvt) Ltd
- Knet
- Era Miracle (Pvt) Ltd and Genesis Business School
- Ledger Block
- Izimaga International (Pvt) Ltd
- Bcoin App and Sunbird Foundation
- Vindex Trading
- The Enrich Life (Pvt) Ltd
- Smart Win Entrepreneur (Pvt) Ltd
- Net Four International (Pvt) Ltd./Netrix
One company remains unnamed due to a court-imposed restriction on disclosure.
The Central Bank has issued a strong warning to the public, urging them to exercise caution when engaging with companies or financial schemes that may operate outside the legal framework. It emphasizes the importance of verifying the legitimacy of financial entities before investing or participating in their activities to avoid potential financial losses.
