🚨 CBSL Naming: 23 Prohibited Pyramid Schemes Alert

• The Central Bank of Sri Lanka (CBSL) has declared 23 entities/apps as prohibited pyramid schemes following investigations under the Banking Act. • Confirmation & Naming: The CBSL confirmed that SGO/sgomine.com was operating a pyramid scheme and identified a further 22 entities running similar operations. • Key Examples Listed: OnmaxDT, MTFE App and its associated groups, Tiens Lanka Health Care Ltd., Best Life International Ltd., Sport Chain app, Fastwin Ltd., Fruugo Online App, and Qnet/Questnet. • Warning: CBSL strongly cautioned the public to exercise due diligence and avoid engaging with these entities, citing risks of substantial financial losses and broader economic instability.