Illegal Quest

Sri Lankan Prime Minister Ranil Wickremasinghe (2nd R) arrives to visit the site of a bomb attack at St. Anthony's Shrine in Kochchikade in Colombo on April 21, 2019. - A string of blasts ripped through high-end hotels and churches holding Easter services in Sri Lanka on April 21, killing at least 156 people, including 35 foreigners. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday. GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday. The Central Bank rushed through amendments to the Banking Act, banning pyramid style schemes, but not before few thousand people parted with their cash.

Special
Unit

Sri Lanka’s Central Bank has set up a special committee to probe illegal
activities that violate monetary laws.

Headed by a senior Central Banker, the special unit is also staffed by three
permanent officials from the Criminal Investigations Dept, Central B

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