In accordance with Section 83 (C) of the Banking Act, No. 30 of 1988, which has been amended, the Central Bank of Sri Lanka has undertaken an inquiry and has concluded that the “TM App” is involved in activities related to a prohibited scheme.
As a result of this investigation, a number of other companies and applications have also been identified as operating prohibited schemes under the same section of the Banking Act. The entities in question include:
- Tiens Lanka Health Care (Pvt) Ltd
- Best Life International (Pvt) Ltd
- Mark – Wo International (Pvt) Ltd
- V M L International (Pvt) Ltd
- Global Lifestyle Lanka (Pvt) Ltd
- Fast3Cycle International (Pvt) Ltd
- Sport Chain app, Sport Chain zs society Sri Lanka
- OnmaxDT
- MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group
- Fastwin (Pvt) Ltd
- Fruugo Online App / Fruugo Online (Pvt) Ltd
- Ride to Three Freedom (Pvt) Ltd
- Qnet/Questnet
- Era Miracle (Pvt) Ltd and Genesis Business School
- Ledger Block
- Isimaga International (Pvt) Ltd
- Beecoin App and Sunbird Foundation
- Windex Trading
- The Enrich Life (Pvt) Ltd
- Smart Win Entrepreneur (Pvt) Ltd
- Net Fore International (Pvt) Ltd / Netrrix
- Pro Care (Pvt) Ltd, Shade of Procare (Pvt) Ltd
- SGO / sgomine.com
- I.C.A.N. Advertising (Pvt) Ltd and its associated websites: icanonlineadvertising.com, bannercuts.com, bannercuts.lk, bannercuts.net, bannercuts.org
- Infinity Rover (Pvt) Ltd
- TM App
This announcement was reported by Financial Chronicle Biz English, a source for business news in Sri Lanka.
