MONETABRIEF - Sri Lanka's central bank said it had added Max App Media Ltd, and its affiliates Max LK (Pvt) Ltd and Max Media Lanka (Pvt) Ltd to a list of prohibited pyramid schemes.
A central bank investigation had found that the firms had "engaged, conducted and promoted a prohibited scheme," the regulator said in a statement.
The following entities had been found to be running illegal pyramid schemes so far.
1. Tiens Lanka Health Care (Pvt) Ltd
2. Best Life International (Pvt) Ltd
3. Mark – Wo International (Pvt) Ltd
4. V M L International (Pvt) Ltd
5. Global Lifestyle Lanka (Pvt) Ltd
6. Fast3Cycle International (Pvt) Ltd
7. Sport Chain app, Sport Chain zs society Sri Lanka
8. OnmaxDT
9. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
10. Fastwin (Pvt) Ltd
11. Fruugo Oline App/ Fruugo Oline (Pvt) Ltd
12. Ride to Three Freedom (Pvt) Ltd
13. Qnet/ Questnet
14. Era Miracle (Pvt) Ltd. And Genesis Business School
15. Ledger Block
16. Isimaga International (Pvt) Ltd
17. Beecoin App and Sunbird Foundation
18. Windex Trading
19. The Enrich Life (Pvt) Ltd
20. Smart Win Entrepreneur (Pvt) Ltd
21. Net Fore International (Pvt) Ltd./ Netrrix 22. Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd 23. SGO/sgomine.com 24. I.C.A.N. Advertising (Pvt) Ltd and its affiliated icanonlineadvertising.com/bannercuts. com/bannercuts.lk/bannercusts.net/ban nercuts.org 25. Infinity Rover (Pvt) Ltd 26. TM App 27. Max App Media Ltd. and its affiliated Max LK (Pvt) Ltd., Max Media Lanka (Pvt) Ltd