News

CBSL receives more complaints against OnmaxDT

Published

7 months ago

May 15, 2023

editor

The Central Bank of Sri Lanka (CBSL) has received repeated complaints against OnmaxDT, Sri Lanka Mirror learns.

Colombo Chief Magistrate Prasanna Alwis recently ordered an American company which had invested in OnmaxDT accused of earning USD 100 million through illegal pyramid schemes, to freeze eight of its accounts.

The CBSL conducted an investigation regarding this institution and three others and complained to the Criminal Investigation Department (CID) that the directors, promoters and founders of the institution had committed a punishable offence under Section 83 A (1) of the Banking Act.

Meanwhile, the CBSL said that it has received between 20 and 30 complaints regarding pyramid schemes in the past four months.

The Central Bank said that investing money in pyramid schemes is a punishable offence under the Banking Act No. 30 of 1988.

Such acts are punishable offences under the Penal Code and the Prevention of Money Laundering Act as well.

Those involved in this scam can also be charged with concealment of true information under the Financial Transactions Reporting Act.

The Central Bank also said that those involved in pyramid schemes are also guilty of a number of other offences including non-payment of debts, theft, forgery and check fraud.

Meanwhile, the Central Bank pointed out that the fact that people who are engaged in these pyramid schemes are at large is a reason for the spread of this crime.

News

Power supply restored in 80% of affected areas – CEB

Published

3 hours ago

December 9, 2023

editor

The power supply in 80% of the affected areas has been restored, the Ceylon Electricity Board (CEB) reported.

Efforts to restore power in all remaining areas are also currently underway, CEB Media Spokesman Engineer Noel Priyantha said.

Earlier this evening (09 Dec.), major power outages were reported across the island due to a breakdown in the transmission line from Kotmale to Biyagama.

News

6 dead, 10 injured as fire breaks out at candle factory

Published

15 hours ago

December 9, 2023

editor

At least six people died and 10 sustained injuries after a fire broke out at a sparkling candle manufacturing unit in the Pimpri Chinchwad area of Pune district on Friday, an official said.

The fire brigade received a call about the blaze at the factory located at Talawade around 2.45 pm, said Pimpri-Chinchwad municipal commissioner Shekhar Singh. The factory manufactured sparkling candles which are generally used for birthday celebrations, he said.

“The fire has been doused. The cause is yet to be ascertained,” Singh added.

The owner of a nearby unit alerted the fire brigade to the incident, after which a team rushed to the site, doused the blaze and sent the injured to the hospital, an official from the Pimpri Chinchwad civic body’s disaster management cell said.

The six bodies have been charred beyond recognition, while the injuries sustained by 10 persons, comprising nine women and a male who is the owner of the ill-fated unit, are serious, he said.

Maharashtra deputy chief minister Ajit Pawar expressed grief at the incident and assured a inquiry.

Source – Times of India

News

Youth abducted in Matara and shot

Published

16 hours ago

December 9, 2023

editor

A youth, abducted from Matara by a group claiming to be police officers was shot and left behind with injuries in Habaraduwa last night (8), Police said.

The persons had arrived in a car and taken him claiming he was wanted for an investigation.

He had been shot on the leg and injured.

He is currently receiving treatment at hospital.