Central Bank warnings on prohibited pyramid schemes

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Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd have been identified by the Central Bank as operating prohibited pyramid schemes, the banking regulator said on Friday in a warning to the public.

The following companies/apps have also been determined as prohibited schemes under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. They are - Tiens Lanka Health Care (Pvt) Ltd; Best Life International (Pvt) Ltd; Mark – Wo International (Pvt) Ltd; V.M.L. International (Pvt) Ltd; 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; Fruugo Oline App/ Fruugo Oline (Pvt) Ltd; Ride to Three Freedom (Pvt) Ltd; Qnet; Era Miracle (Pvt) Ltd and Genesis Business School; Ledger Block; Isimaga International (Pvt) Ltd; Beecoin App and Sunbird Foundation; Windex Trading; The Enrich Life (Pvt) Ltd; Smart Win Entrepreneur (Pvt) Ltd and Net Fore International (Pvt) Ltd/ Netrrix.

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