A shocking crackdown by the Central Bank confirms that 22 companies secretly ran a massive illegal pyramid scheme linked to “SGO/sgomine.com,” triggering nationwide warnings and urgent calls for public protection.
The Central Bank of Sri Lanka has officially announced that 22 companies have been confirmed as operating a prohibited pyramid scheme connected to the platform “SGO/sgomine.com”. The announcement follows an investigation conducted under Section 83 C of the Banking Act No. 30 of 1988, which empowers the Central Bank to act against unauthorized financial schemes and fraudulent investment operations.
According to the findings, these companies had engaged in promoting and running the SGO scheme, misleading participants with false promises of income and investment returns. After reviewing evidence, the Central Bank determined that the listed companies and applications fall under the category of prohibited schemes. Authorities caution the public to avoid these platforms and warn that individuals involved in promoting such models may face legal action. The Central Bank reaffirmed its commitment to safeguarding consumers and preventing financial scams that exploit vulnerable communities.
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, 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 Oline App/ Fruugo Oline (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., Shade of Procare (Pvt) Ltd
