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Court bans 8 accounts of an American financial company

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Colombo Chief Magistrate Prasanna Alwis yesterday (19) ordered 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.

The Criminal Investigation Department (CID) informed the court that according to the Director of the Financial Intelligence Unit of the Central Bank of Sri Lanka, this is the first time that a Sri Lankan court has issued an order to an American financial institution.

It was revealed that more than Rs.430 million rupees have been deposited in eight accounts of the American financial company ‘Binance.com’, and accordingly, the CID requested an order to suspend the transactions of those eight accounts for a period of six months from yesterday (19).

Accordingly, the eight suspended accounts are Onmax DT Private Limited (Sri Lanka), Onmax Pty Ltd. Company (Australia), the account established in the name of Sri Lankans Dhananjaya Gayan, Sampath Sandaruwan Lenaduwage, Saranga Randika Jayatissa (two accounts), Vikramapeli Gedera Chandrakanti and Kahadawa Arachchige Athula Indika Sampath.

Earlier, 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 CID informed the court that statements were recorded from two persons regarding two accounts of Onmax.

The CID also requested the court to issue an order to submit the mobile phones and computers of the two persons to the Computer Emergency Readiness Team to inspect the accounts. Accordingly, the Magistrate issued the order.

On the 28th, orders were issued by the court to freeze 57 bank accounts under the name of the company in Bank of Ceylon, Central Finance, Nations Trust, Seylan Bank and People’s Trust banks.

According to a complaint made by the Director of the Financial Intelligence Unit of the Central Bank of Sri Lanka, the facts regarding this incident were reported to the court by the Financial Crimes Investigation Unit of the CID.

The CID informed the court that by registering a company as ‘Onmax DT’ private company and conducting illegal pyramid transactions through that company, more than 100 million US dollars had been transacted in Crypto Currency Wallets.

The CID reported to the court that the owners of the company have committed a punishable offence under Section 83 A (1) of the Banking Act and Section 3 of the Prevention of Money Laundering Act.

(Lankadeepa)

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CID probing into ex-President Ranil’s overseas trips

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The Criminal Investigation Department (CID) informed the Colombo Fort Magistrate’s Court today (June 24) that it has launched an investigation into the overseas trips made by former President Ranil Wickremesinghe during his tenure as president.

The CID reported the facts to the court and stated that the investigation is being conducted under the Public Property Act.

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Nelumwewa hot springs to be boosted as tourist destination

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As part of the “Clean Sri Lanka” initiative, a development project has been proposed to enhance the area surrounding the Nelumwewa hot springs in Welikanda, Polonnaruwa, with the aim of promoting it as a tourist attraction.

A discussion regarding the proposed development was held this morning (June 24) at the site, followed by a field inspection.

Until now, the hot springs area has not been adequately developed, leading to a diminished interest from both local and international tourists.

During the discussion, attention was drawn to the importance of developing the Nelumwewa hot springs, the site’s tourism and scientific potential and its current condition.

Proposals currently being evaluated involve enhancing forest cover in the surrounding area, beautifying the island adjacent to the hot springs and building a bridge from the mainland to the island to facilitate better access for visitors.

Among those present were Deputy Minister of Housing T.B. Sarath, Chairman of the Welikanda Pradeshiya Sabha, D.W. Wasantha, retired hydrologist Prof. Dharma Gunawardena of the University of Peradeniya and officials from the Clean Sri Lanka Secretariat, the Mahaweli Authority, the Sri Lanka Tourism Development Authority, the Welikanda Divisional Secretariat and several other institutions.

(President’s Media Division)

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22 Oluwil university students suspended over ragging

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A group of 22 students from Oluwil University have been suspended for allegedly ragging first-year students, Vice Chancellor Prof. S.M. Junaideen said.

The university’s Registrar, M.I. Naufer, stated that a special committee made up of university professors has been appointed to carry out a formal investigation into the incident.

According to preliminary reports, a group of second-year students from the Engineering Faculty were involved in ragging several first-year students. University authorities said strict disciplinary action would be taken based on the findings of the investigation.

The incident has raised fresh concerns about ragging in universities, which remains a serious issue despite longstanding efforts to eliminate the practice from Sri Lanka’s higher education institutions.

(dailymirror.lk)

(This story, originally published by dailymirror.lk has not been edited by SLM staff)

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