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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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Indian swimmer dies while swimming from SL to India

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Indian swimmer dies while swimming from SL to IndiaA 78-year-old man, Gopal Rao, of Bengaluru, Karnataka, died of a heart attack while he was swimming from Talaimannar in Sri Lanka to the Dhanushkodi islet in Rameswaram, T.N., on Tuesday, April 23, 2024.

Mr. Rao was part of a group of 31 swimmers who held a relay swimming event from Sri Lanka to India through the Palk Strait. The swimmers had left Rameswaram by boat, and had gone to Sri Lanka on April 22. At 12.10 a.m. on April 23, they began swimming from Thalaimannar in Sri Lanka towards Dhanushkodi.

Gopal Rao, believed to have been the third swimmer on the row, began feeling uneasy and complained of chest pains at 3.10 a.m. He was immediately helped to get into the boat that was accompanying the swimmers. The doctor attending on him however, subsequently declared that he was dead.

As a mark of respect, all the other swimmers cancelled the relay event and reached Dhanushkodi islet by boat.

The body has been sent for a post-mortem to the Rameswaram Government Hospital. The Rameswaram Town police have registered a case.

It is said that the group of swimmers had obtained all necessary clearances from both the Indian and Sri Lankan governments for the event.

(thehindu.com)

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

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Over 2.5 mn. Lankans have migrated in the last 2 years!

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Quarterly reports of the Central Bank of Sri Lanka (CBSL) have revealed that 2,565,365 Sri Lankans have left the country for various reasons in the last two years.

 According to the report statistics, 1,127,758 Sri Lankans had gone overseas in 2022 as well as 1,437,607 more in 2023.

However, out of these numbers, ony a total of 608,925 Sri Lankans (24%) have gone overseas for employment. That is 311,269 and 297,656 in 2022 and 2023 respectively. 

According to this data, the monthly average figure of Sri Lankans who migrated to foreign countries for employment in 2022 is 25,939. In 2023, that figure stood at 24,805.

Statistics confirm that 70% of those migrating to foreign countries in 2023 will be skilled and professional workers.

(Source : BBC Sinhala)

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Visiting CPC delegation meets with NPP leader (Pics)

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National People’s Power Leader – Anura Kumara Dissanayake today (April 23) met the visiting delegation of the Communist Party of China (CPC).
The Chinese delegation consisted of Sun Haiyan, Deputy Minister of the Department of International Affairs of the Communist Party of China and member of the Central Committee of the Party, Lin Tao, Deputy Director General of the Department of International Affairs of the Communist Party of China, Chen Xiangyuan, Counselor of the Chinese Embassy in Sri Lanka, Li Jinyan, Director of the Department of the International Affairs of the Communist Party of China, Jin Yan, Deputy Director, Wen Jun, Secretary to the Deputy Minister, Jin Enze, the Third Secretary of the Chinese Embassy in Sri Lanka, and Zhang Guyu, the translator.

The NPP was represented by Vijitha Herath, Dr. Harini Amarasuriya, Prof. Anil Jayantha Fernando, and Sunil Handunneththi.

The meeting, held at the party headquarters, focused on the current political situation, upcoming elections and possible political developments were discussed between the two sides.

The leaders of the NPP had pointed out the importance of creating political stability in the country to get the country out of the crisis.

The visiting delegation had been focused on the measures and organizational structures adopted by the NPP in the political field and their gaining popularity among the public.

The NPP leaders also had emphasized their relations with various people, groups, social strata and Sri Lankans abroad, as well as their policies in building the country, and the dialogue between the party structures and the public.

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