Illegal pyramid schemes: Central Bank and Police must act before it is too late

Speaking to Daily Mirror, Minister of Youth & Sports, Minister of Development Co-ordination and Monitoring, and State Minister of Digital Technology and Enterprise Development Namal Rajapaksa said The Central Bank of Sri Lanka and Sri Lanka Police must take action to regulate illegal pyramid schemes before it is too late.

Illegal Pyramid Schemes Unmasked

Many illegal pyramid schemes are fast spreading across Sri Lanka, from the time the Covid-19 pandemic made inroads into the country, Director of Resolution and Enforcement Department of Central Bank D.M.D.B. Dissanayake told Daily Mirror during an interview.

Unmasking Sri Lanka’s Pyramid Parasites Daily Mirror Eye Investigation

*Ravindu had just graduated when he heard of a job opening at ‘Best Life International (Pvt) Ltd’. After attending “motivational” discourses and workshops, prior to starting work there; Ravindu thought he was fortunate to have joined a company that sold “genius” business opportunities to make Sri Lankans rich quickly. However, the incontrovertible evidence in our possession has revealed that ‘Best Life International is engaged in Pyramid Marketing, which is illegal in Sri Lanka under the Banking Act No.30 of 1988.

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