The CID has yesterday (02) informed the Colombo Chief Magistrate that the Central Bank of Sri Lanka (CBSL) has banned 04 entities as entities that have conducted prohibited pyramid schemes.
The entities mentioned in court are : Beecoin App/Sunbird Foundation, Fast Win (Pvt) Ltd, Fruugo Online App/ Fruugo Online (Pvt) Ltd Genesis Business School/ Era Miracle (Pvt) Ltd.

In a recent public release, the CBSL previously named 08 entities including the 04 aforementioned ones, as ones that conduct / conducted prohibited pyramid schemes.

Since then, they have added the entity- Windex Trading to the list.

Related News :

Philosopher, intellectual and academician Professor Nalin de Silva has passed away at the age of 79. Prof. de Silva initially served as a professor in the Department of Mathematics and later as the Dean of the Faculty of Science at the University of Kelaniya. 

He was also a former member of the University Grants Commission (UGC).

In addition to his academic pursuits, de Silva also worked as a former Sri Lankan Ambassador to Myanmar.

The Indian High Commission in Colombo has issued a statement over reports of Indian companies taking over visa issuance at Bandaranaike International Airport (BIA) in Katunayake.

The statement notes “companies referred to in these reports are not India based or Indian and are headquartered elsewhere. Any reference to India in this context is unwarranted.”