Praseli Suraj and Mayura Dilshan, who had invested money in Onmax DT, which the Central Bank of Sri Lanka (CBSL) has designated as a pyramid scheme, have told the ‘Truth with Chamuditha’ YouTube channel that the same company has been registered in Australia under the same name.
They have said this amidst the Central Bank announcing that investing money in pyramid schemes is a punishable offence under the Banking Act No. 30 of 1988.
Meanwhile, both Praseli and Mayura claimed that Onmax DT Private Company registered in Sri Lanka, which has been declared a pyramid scheme following a Central Bank investigation, is not a pyramid scheme.
They have said this while a case is pending in the Colombo High Court.
Their remarks also challenge the order given by Colombo Chief Magistrate Prasanna Alwis directing an American company named ‘Binance.com’, which had invested in OnmaxDT Pvt. Company accused of earning USD 100 million through illegal pyramid schemes, to freeze eight accounts of the company.
Meanwhile, the Magistrate imposed a travel ban on six directors of the Onmax DT, Sampath Sandaruwan, Athula Indika Sampath, Gayashan Abeyratne, Madhuranga Prasanna, Saranga Randika, and Dhananjaya Jayan.
The persons identified as the directors of Onmax DT Private Company registered in Sri Lanka are said to be the ones who introduced the Australian company to Sri Lanka, and they also said that their company is a real estate company.
Mayura is also an activist in Best Life, another company named as a pyramid scheme by the Central Bank.
They alleged that the Central Bank has banned Onmax DT without any investigation.
Remarks made by Central Bank Governor Dr. Nandalal Weerasinghe on pyramid schemes
The two said the Australian Onmax DT continues its operations.
They are challenging the law in this manner even though the Central Bank has made a request to the Attorney General to file criminal cases against three prohibited pyramid schemes including Onmax DT.
Chairman of the All-Ceylon Egg Producers’ Association, R.M. Sarath Rathnayake has said new measures to announce daily standardized egg prices will be introduced from next Monday (June 23) to ensure fair pricing for consumers.
The prices covering wholesale, retail, and intermediary rates will be communicated daily at 5.00am via SMS to small, medium, and large-scale egg producers, as well as bakery owners, food manufacturers, and hotels through the number 070-7030700.
He warned of recent practices where eggs were bought at Rs.15-18 and stockpiled, stating such actions will no longer be tolerated.
He also criticized groups posing as “egg associations” without actual farming experience.
The cost of producing an egg is around Rs.28 for large farms, Rs.29-30 for medium range farms, and Rs.32 for small-scale producers, he further said.
A staggering 16 billion passwords to Apple, Facebook, Google, and various US government services have been leaked online, triggering global security alerts in what experts are calling the most significant data breach in history.
The mammoth security breach has forced Google to urge billions of users to change their passwords immediately.
At the same time, the FBI has issued warnings to Americans about opening suspicious links in SMS messages.
Cybersecurity experts at Cybernews, who investigated the breach, discovered a whopping 30 exposed datasets containing between tens of millions and over 3.5 billion records each.
Perhaps most alarmingly, researchers confirmed that nearly all these exposed datasets contain previously unreported information, making this an entirely fresh security crisis.
“This is not just a leak – it’s a blueprint for mass exploitation,” the researchers said via Forbes this week.
Dimuthu Abeyesekera has been appointed as the new Chairman of the Colombo Stock Exchange (CSE).
The CSE announced that Mr. Abeyesekera brings over 35 years of experience in the capital markets and has served on the CSE Board for the past six years.
He currently serves as the Director/CEO of Asha Securities Ltd, which is affiliated with Phillip Capital Singapore, a specialized financial services organization managing assets worth over US$ 35 billion with a network of offices around the world.
Abeysekera also currently serves as the Director at Asha Financial Services Ltd, a specialised margin Trading Company in Colombo.
