Central Bank releases names of 25 pyramid schemes

Author LBO | Posted on July 1, 2026 | Companies, Economy

The Central Bank of Sri Lanka (CBSL) has issued an official warning to the general public, identifying 25 companies and mobile applications that have been found operating as prohibited pyramid schemes.

Following investigations conducted under Section 83 (C) of the Banking Act, No. 30 of 1988, the CBSL determined that “Infinity Rover (Pvt) Ltd” and several other entities are in direct violation of the law by engaging in and promoting these unauthorized schemes.

The CBSL has officially flagged the following companies and apps:

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 Oline App/ Fruugo Oline (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 affiliates icanonlineadvertising.com/bannercuts.com/bannercuts.lk/bannercusts.net/bannercuts.org
Infinity Rover (Pvt) Ltd