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CBSL to sue three pyramid schemes including Onmax DT!

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The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to file criminal cases against three prohibited pyramid schemes.

The CBSL said that this decision was taken following an investigation it had conducted.

Accordingly, the CBSL has launched an investigation into  ‘Fast3cycle International Pvt. Ltd.,” ‘Sport Chain App, Sport Chain ZS Society Sri Lanka,” and ‘Onmax DT’.

Issuing a statement, the CBSL said the three institutions and their directors, promoters and founders have acted in violation of the Section 83C of the Banking Act.

The CBSL has announced the decision through a special newspaper advertisement. 

It was reported that Fast3Cycle International Pvt Ltd was operated by an individual by the name Anil Bandara and Sport Chain App, Sport Chain ZS Society Sri Lanka was operated by Amith Wickramage of Maharagama, Shamal Keerthi Bandara of Kurunegala, Shanaka Madhushan Wickramaratne of Polpithigama, Rovinda Manjula Medawatta and Pradeep Kumara Hantana of Giribawa. 

It was also reported that the amount defrauded by Sport Chain App, Sport Chain ZS Society Sri Lanka is more than Rs.8,800 million.

OnmaxDT is said to be a company based in Australia and there were media reports that this company has a connection with former minister Namal Rajapaksa.

However, Mr.Rajapaksa’s media unit issued a statement stating that he has no relationship with ‘Onmax DT’ which operates Crypto Mining and Bitcoin transactions.

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Internal disputes delay LG member lists

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Due to various issues that have arisen within many political parties during the selection of members for LG bodies, submission of name lists to the Election Commission (EC) are being delayed, reports say.

As a result, the establishment of LG bodies is expected to be delayed further.

In this backdrop, the EC has instructed all political parties and independent groups to submit their name lists within a week.

The gazette on the newly appointed members will follow only after the EC receives all lists.

(Source : Lankadeepa)

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Ministry cancels Br. Charles’ program at Padeniya temple

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The Ministry of Buddhasasana, Religious and Cultural Affairs has issued a letter over a program organized by Br. Charles Thomas.

The relevant program is scheduled to be held today (May 17) at the historic Padeniya temple and is allegedly scheduled to be held in a manner that is harmful to Buddhism.

The letter notes that the Deputy Minister has taken steps to cancel the program following complaints from various parties, citing strong displeasure expressed by the local Buddhist community.

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Applications open for A/L Vocational stream

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The Ministry of Education, Higher Education and Vocational Education has announced that applications are now open for admissions for Grade 12 students for the Advanced Level (A/L) Vocational stream subjects.

According to the Ministry, the vocational stream will be offered in 608 schools starting this year.

The Ministry further clarified that students who have not passed the GCE Ordinary Level (O/L) examination will still be eligible to apply, as O/L results will not be a determining factor for admission to this stream.

For this, students need to submit an application to the principal of the school they wish to enroll in.

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