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CBSL reiterates OnmaxDT & MTFE are pyramid schemes

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Participating in pyramid schemes is a punishable offence, the Central Bank of Sri Lanka (CBSL) reiterated in a new statement.

According to the statement, the CBSL has taken steps to ban nine identified institutions so far.

Accordingly, the CBSL has determined that these entities conduct and/or have conducted prohibited schemes in contravention of the provisions of Section 83C of the Banking Act No. 30 of 1988.

Any person who directly or indirectly initiates, offers, promotes, advertises, conducts, finances, manages or directs a scheme in contravention of the provisions of the Banking Act shall be guilty of a punishable offence, it said.

Meanwhile, the Central Bank rejected the claim of certain elements that it has reached some agreements with the nine institutions which have been determined as conducting/having conducted pyramid schemes.

Accordingly, the CBSL has requested the Attorney General to consider instituting criminal proceedings in terms of the provisions of Section 83C of the Banking Act against these institutions.

The nine institutions are:

1. Tiens Lanka Health Care (Pvt) Ltd.
2. Best Life International (Pvt) Ltd.
3. Global Lifestyle Lanka (Pvt) Ltd.
4. Mark-Wo International (Pvt) Ltd.
5. V. M. L. International (Pvt) Ltd.
6. Fast 3Cycle International (Pvt) Ltd (F3C)
7. Sport Chain App, Sports Chain ZS Society Sri Lanka
8. OnmaxDT
9. MTFE App, MTFE SL Group, MTFE Success Lanka (Pvt) Ltd and MTFE DSCC Group (Pvt)Ltd.

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Vesak week commences tomorrow

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The National Vesak Week will commence tomorrow (May 09), under this year’s theme of “Let’s associate with noble people with good qualities.”

According to the secretary to the Ministry of Buddha Sasana, Religious and Cultural Affairs, W.P. Senadheera said that it will continue until May 16.

The official inauguration ceremony will take place tomorrow at the Nuwara Eliya Buddhist Center, under the patronage of President Anura Kumara Dissanayake.

Sri Lanka Railways has announced special train services during the Vesak week and the long weekend.

Meanhwile, the Ministry of Public Administration has ordered the closure of slaughterhouses, meat vendors, casinos, and clubs nationwide from May 12 – 14 May for the state Vesak Festival. 

A circular issued on April 29 instructs all relevant businesses to comply during the period.

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79 shooting incidents in last 7 months

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79 shooting incidents have been taken place in Sri Lanka over the past 07 months, resulting in 52 deaths and 260 arrests, Public Security Minister Ananda Wijepala told Parliament today (May 09).

The shootings had occurred in the 07 months from September 21, 2024 until May 08, 2025. 

According to the minister, the shootings had left 35 injured as well.

62 of the incidents were linked to organized criminal gangs, while 17 were classified as other types of shootings, he added.

Of the 260 arrested, 229 were connected directly to organized crime, the minister further noted.

Minister Wijepala said the government has taken high-level decisions in this regard, and that it is unacceptable to claim that there has been a serious increase in shootings since the NPP government came to power.

“When we study these shootings, we will not see a significant increase from 2022, 2023, or 2024. But we do not trivialise any shooting. We treat every human life with value. Therefore, we have taken the highest decisions we can take as a government to suppress the underworld,” he emphasised.

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Teacher accused of molesting Kotahena schoolgirl sent on compulsory leave

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The Ministry of Education says that the teacher allegedly involved in the incident of molesting the schoolgirl from Kotahena has been sent on compulsory leave after receiving a police ‘B report’. 

The Secretary to the Education Ministry, Nalaka Kaluwewa, states that steps have also been taken to hold an internal inquiry into the incident.

Accordingly, the teacher involved in the incident will be placed on compulsory leave in accordance with Section 27:9 of Chapter XLVIII, Part II of the Establishments Code.

The Ministry also states that a preliminary investigation into the incident is currently underway, and that formal disciplinary action will be taken as soon as the report is received.

Furthermore, the Ministry has launched an internal investigation to determine whether any parties neglected their duties and responsibilities in connection with the entire incident.

On May 08, a group of parents and students staged a protest opposite the school in Bambalapitiya alleging that a teacher had sexually assaulted the student, which led to the girl’s death by suicide.

In this regard, the Ministry of Education had called for an explanation from the school’s principal.

In a previous statement, the Ministry had said that the teacher in question was transferred, and disciplinary action will be taken based on the investigations conducted by the police.

On the same day, Minister of Women and Child Affairs, Saroja Savithri Paulraj, stated that she had requested the parents of the Grade 10 student—who reportedly died by suicide following the alleged sexual assault by a teacher—to file a formal complaint with the National Child Protection Authority (NCPA). However, she noted that the complaint had not been filed as of yet.

The Minister’s comments came in response to allegations made by MP Mano Ganesan, who questioned whether government action had been delayed because the owner of the tuition center—where the student was allegedly verbally abused again after the incident—is affiliated with the National People’s Power (NPP).

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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