Central Bank lists Pro Care, Shade of Procare among prohibited schemes

21 March 2025 04:15 pm Views - {{hitsCtrl.values.hits}} 2 Bookmark

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Colombo, March 21 (Daily Mirror) - The Central Bank of Sri Lanka has determined that Pro Care (Pvt) Ltd. and Shade of Procare (Pvt) Ltd. are engaged in a scheme prohibited under Section 83(C) of the Banking Act, No. 30 of 1988, as amended.

In addition, the following companies and apps have been identified as participating in prohibited schemes under the same section of the Banking Act.

Tiens Lanka Health Care (Pvt) Ltd
Best Life International (Pvt) Ltd
Mark-Wo International (Pvt) Ltd
V M L International (Pvt) Ltd
[Company Name Withheld]
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
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

Name of a company has been withheld due to a court order issued pertaining to such company.

Comments - 2

THESE UNREGISTERED AND PROHIBITED BUSINESSES AND OR SCHEMES ARE EITHER SCAMMERS AND OR MONEY LAUNDERERS. Friday, 21 March 2025 06:15 PM

Looks like we have so called tourists coming in on tourist visas, teaming up with a local and operating illegally, if not officially registered they should be put before a court of law, made to pay a heavy fine, seal the business premises and deport them with a total ban of entering the country. as for the landlords who rented them accommodation to operate illegally should be prosecuted too for aiding and abetting as anyone should have an idea of what goes on in the property on the right and left, especially if they are running a business as totally different to a residential property.

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Dr Michael Fernando Friday, 21 March 2025 10:25 PM

Merely mentioning that companies are acting illegally won't do - the Central Bank MUST ACT and ACT QUICKLY in the interests of the COUNTRY.

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