December 20, 2024
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“My Hope is to Become President In this Country, Hope My Fans Will Support” – Ashen – (Video) "My Hope is to Become President In this Country, Hope My Fan BAse Will Support" - Ashen - (Video)
1 min read

“My Hope is to Become President In this Country, Hope My Fans Will Support” – Ashen – (Video)

Editor October 30, 2024
Colombo, Sri Lanka (October 30, 2024) – Ashen Senaratne, a well-known social media operator, has expressed his...
Read More Read more about “My Hope is to Become President In this Country, Hope My Fans Will Support” – Ashen – (Video)
Explosions in Lebanon: Hezbollah Vows Retaliation as Israeli Intelligence Operation Unfolds – (Video) Explosions in Lebanon: Hezbollah Vows Retaliation as Israeli Intelligence Operation Unfolds - (Video)
3 min read

Explosions in Lebanon: Hezbollah Vows Retaliation as Israeli Intelligence Operation Unfolds – (Video)

Editor September 18, 2024
September 18, 2024 Beirut, Lebanon — A series of coordinated explosions targeting communication devices used by Hezbollah...
Read More Read more about Explosions in Lebanon: Hezbollah Vows Retaliation as Israeli Intelligence Operation Unfolds – (Video)
Ananth Ambani and Radhika Merchant’s Wedding: Extravagance and Philanthropy Shine in Grand Celebration – (Video) Ambani02
2 min read

Ananth Ambani and Radhika Merchant’s Wedding: Extravagance and Philanthropy Shine in Grand Celebration – (Video)

Editor July 13, 2024
Ananth Ambani, son of Indian business tycoon Mukesh Ambani, and Radhika Merchant are celebrating their nuptials in...
Read More Read more about Ananth Ambani and Radhika Merchant’s Wedding: Extravagance and Philanthropy Shine in Grand Celebration – (Video)

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**Central Bank of Sri Lanka Issues Warnings Against 20 Pyramid Schemes** The Central Bank of Sri Lanka (CBSL) has issued a strong warning to the public about 20 entities accused of violating the provisions of the Banking Act, emphasizing the growing threat posed by pyramid schemes to the country’s financial stability. The CBSL has been actively working with law enforcement authorities to file charges against individuals and organizations that contravene Section 83C(1) of the Banking Act. These efforts aim to safeguard the public from fraudulent financial activities and ensure the integrity of the financial system. Since 2011, the Central Bank has initiated investigations and legal action against several institutions under Section 83C(3) of the Banking Act. These investigations seek to determine whether entities have violated or attempted to violate financial regulations. The CBSL revealed the following 20 organizations as entities of concern: 1. Tiens Lanka Health Care (Pvt) Ltd 2. Best Life International (Pvt) Ltd 3. Mark-Wo International (Pvt) Ltd 4. V ML International (Pvt) Ltd 5. Fast3Cycle International (Pvt) Ltd 6. Sport Chain App, Sport Chain ZS Society Sri Lanka 7. Onmax DT 8. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group 9. Fastwin (Pvt) Ltd 10. Fruugo Online App/Fruugo Online (Pvt) Ltd 11. Ride to Three Freedom (Pvt) Ltd 12. Qnet 13. Era Miracle (Pvt) Ltd and Genesis Business School 14. Ledger Block 15. Isimaga International (Pvt) Ltd 16. Beecoin App and Sunbird Foundation 17. Windex Trading 18. The Enrich Life (Pvt) Ltd 19. Smart Win Entrepreneur (Pvt) Ltd 20. Net Fore International (Pvt) Ltd | Netrrix The CBSL reiterated the importance of public vigilance, warning against participation in such schemes that often promise unrealistic returns but lead to financial loss for investors. Legal action has been taken against several of these organizations, and investigations into others are ongoing. The CBSL urges the public to report suspicious financial activities and verify the legitimacy of financial institutions before making investments. By raising awareness, the Central Bank aims to reduce the impact of fraudulent schemes and maintain trust in Sri Lanka’s financial sector.
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