Monday Sep 14, 2026
Monday Sep 14, 2026
Thursday, 6 August 2026 07:49 - - {{hitsCtrl.values.hits}}
The Central Bank of Sri Lanka yesterday in a public notice named 26 companies and platforms operating illegal pyramid schemes.
In terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka has conducted an investigation, ascertained and determined that “TM App” has engaged, conducted and promoted a prohibited scheme.
The following companies/apps have also been ascertained and determined as prohibited schemes under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended.
1. Tiens Lanka Health Care Ltd.
2. Best Life International Ltd.
3. Mark – Wo International Ltd.
4. V M L International Ltd.
5. Global Lifestyle Lanka Ltd.
6. Fast3Cycle International Ltd.
7. Sport Chain app, Sport Chain zs society Sri Lanka
8. OnmaxD
9. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
10. Fastwin Ltd.
11. Fruugo Oline App/ Fruugo Oline Ltd.
12. Ride to Three Freedom Ltd.
13. Qnet/ Questnet
14.Era Miracle Ltd. And Genesis
Business School
15. Ledger Block
16. Isimaga International Ltd.
17. Beecoin App and Sunbird Foundation
18. Windex Trading
19. The Enrich Life Ltd.
20. Smart Win Entrepreneur Ltd.
21. Net Fore International Ltd./ Netrrix
22. Pro Care Ltd., Shade of Procare Ltd.
23. SGO/sgomine.com[Limited Sharing]
24. I.C.A.N. Advertising Ltd., and its affiliates (icanonlineadvertising.com/bannercuts.com/bannercuts.lk/bannercusts.net/
bannercuts.org)
25. Infinity Rover Ltd.
26. TM App
