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CBSL issues Warning on rising crypto scams

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The Central Bank of Sri Lanka has once again warned the public about  increasing number of financial scams, promising high returns based on crypto investments.

The Bank insists that it has not granted licences or given authorization to people or business for activities such as cryptocurrency operations, Initial Coin Offerings (ICOs), mining, exchanges, deposit-taking or custody services, or advisory services related to cryptocurrency.

The Bank while alerting the public on alarming rise in fraudulent activities related to crypto investments said that it is crucial to be aware of the tactics used by fraudsters to safeguard one’s finances and stay vigilant.

“Fraudsters utilize various tactics, exploiting social media to advertise schemes with high returns and often boasting about their claimed earnings.

This creates a false sense of legitimacy and attracts new participants. Further, scammers use platforms like Whatsapp and Telegram to communicate with victims”, the Central Bank message said.

The announcement said that Scam advertisements often lead to professional-looking websites, aiming to disguise their fraudulent nature. Some scammers go a step further by conducting classes or awareness sessions on these fabricated platforms, providing misleading information on earning high returns or trading cryptocurrencies.

After an investment is made, scammers may swiftly seize funds or continue the deception to attract more victims. It is crucial to recognize that you may not realize you’ve fallen victim to a scam until attempting to divest from your investment. Protecting Yourself from Scams Cryptocurrencies are unregulated in Sri Lanka, not considered legal tender, and lack regulatory safeguards.

The following entities were found promoting the involvement of cryptocurrencies:Sport Chain App, Sports Chain ZS Society Sri Lanka, OnmaxDT 3, MTFE App, MTFE SL Group, MTFE Success Lanka (Pvt) Ltd and MTFE DSCC Group (Pvt) Ltd.

Source – dailynews.lk

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Youth found dead in three-wheeler at Ward Place

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A 33-year-old youth was found stabbed to death inside a parked three-wheeler at Ward Place, Colombo, according to police reports.

The gruesome discovery was made early this morning (23) in front of the National Dental Hospital, following a tip-off received by Cinnamon Gardens Police around 1.00 a.m.

Upon investigation, police traced the three-wheeler’s registration to a resident of Middeniya. 

The vehicle owner revealed that he had lent it to his 33-year-old brother-in-law, who works as a taxi driver.

Cinnamon Gardens Police are continuing their investigation into the incident.

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Tamil parties agree to field common Presidential candidate

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Several Tamil political parties and a group of representatives of civil organizations have reached an agreement to present a common Tamil candidate for the upcoming Presidential Election.

The agreement was signed in Jaffna today by seven parties including TELO led by MP Selvam Adaikkalanathan, PLOTE led by MP Dharmalingam Siddharthan, Tamil People’s Alliance led by MP C.V. Wigneswaran, Tamil National Party led by Attorney-At-Law N. Sri Kantha, and EPRLF led by Suresh Premachandran.

The Tamil People General Assembly, comprising of several Tamil civil organizations, also signed the agreement.

However, the Illankai Tamil Arasu Kadchi (ITAK) comprising President’s Counsel M.A. Sumanthiran and the Tamil National People’s Front comprising Attorney-At-Law Gajendra Kumar Ponnambalam did not sign the agreement today.

(News 1st)

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Club Wasantha’ murder: Tattoo studio owner makes confidential statement

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Dulan Sanjula, the owner of the tattoo studio in Athurugiriya, has made a confidential statement before the Kaduwela Magistrate over the recent shooting and killing of two individuals including Surendra Wasantha Perera alias ‘Club Wasantha’. 

Meanwhile, the seven suspects including Dulan Sanjula have been ordered to be remanded further until August 5, 2024. 

The suspect, who was arrested in connection with the incident, had requested permission to make a confidential statement to the Kaduwela Magistrate. He made this request when the seven suspects arrested in relation to the incident were produced before the court on July 10.

However, the Kaduwela Magistrate had advised the suspect in question to rethink the decision and make the request again during an upcoming court date.

Furthermore, the magistrate ordered the prison officers to provide additional security to the suspects, since there are accomplices of the criminal figure infamously known as “Loku Patee,” who is suspected to be involved in the incident, detained in the prison.

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