Central Bank warnings on prohibited pyramid schemes

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.