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CB warns public about pyramid scams

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The Central Bank of Sri Lanka (CBSL) yesterday issued a notice to the public warning of Prohibited Pyramid Schemes being operated in the country.

Based on investigations, the Central Bank has determined 21 companies that have engaged in pyramid schemes.

According to a Central Bank statement, the companies have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

According to the Central Bank, the following are the 21 companies that have engaged in pyramid schemes; 1. Tiens Lanka Health Care (Pvt) Ltd, 2. Best Life International (Pvt) Ltd, 3. Mark – Wo International (Pvt) Ltd, 4. V M L International (Pvt) Ltd., 5.—— *, 6. Fast3Cycle International (Pvt) Ltd., 7. Sport Chain app, Sport Chain zs society Sri Lanka, 8. OnmaxDT, 9. MTFE App, MTFE SL Group, MTFE Success Lanka, MTFE DSCC Group, 10. Fastwin (Pvt) Ltd., 11. Fruugo Oline App/ Fruugo Oline (Pvt) Ltd, 12. Ride to Three Freedom (Pvt) Ltd., 13. Qnet, 14. Era Miracle (Pvt) Ltd. And Genesis Business School, 15. Ledger Block, 16. Isimaga International (Pvt) Ltd, 17. Beecoin App and Sunbird Foundation, 18. Windex Trading, 19. The Enrich Life (Pvt) Ltd, 20. Smart Win Entrepreneur (Pvt) Ltd, 21. Net Fore International (Pvt) Ltd./ Netrrix.

* The CBSL said disclosure of the name of a company which has been determined under Section 83(C) of the Banking Act is withheld due to a court order issued pertaining to such company.



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Landslide early warnings issued to Badulla , Kandy , Kurunegala , Matale

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The Landslide Early Warning Centre of the National Building Research Organization [NBRO] has issued landslide early warnings to the districts of Badulla, Kandy Kurunegala and Matalae effective until 4.00pm today [21].

Accordingly,

Level II [Amber] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Doluwa and Ududumbara in the Kandy district and Rattota, Wilgamuwa, Yatawatta and Ukuwela in the Matale district.

Level I [Yellow] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Passara, Badulla and Hali Ela in the Badulla district, Pahathadumbara, Medadumbara and Panvila in the Kandy district, Rideegama in the Kurunegala district and Laggala Pallegama, Ambanganga Korale, Naula, Pallepola and Matale in the Matale district.

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SJB asks Prez not to reduce MR’s security for criticising govt.

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Rahuman

The SJB yesterday urged the government to reconsider its decision to scale back the security provided to former President Mahinda Rajapaksa.

Addressing a press conference at the SJB Headquarters, Colombo District MP Mujibur Rahuman criticized President Anura Dissanayake for his recent remarks suggesting that Rajapaksa’s security could be withdrawn if he became increasingly critical of the government.

“Such a statement is unbecoming of a President. The President claimed that security arrangements for former Presidents and MPs would be based on intelligence reports. However, his comments about Mahinda Rajapaksa suggest that no such intelligence report was taken into consideration,” Rahuman said.

He accused President Dissanayake and his Ministers of continuing to act as if they were in the Opposition rather than leading the government. “It seems that President Dissanayake has forgotten that he is now the President of the country. Similarly, the Ministers in the government seem to have forgotten that they are part of the government. There is no difference between the speeches the President made during his time in the Opposition and the ones he makes now. It is hard to discern whether the person speaking is the President or the former Opposition MP,” Rahuman said.

Rahuman emphasised that the President must now focus on governance and prioritise the safety of the general public. He highlighted the recent spate of gun violence across the country, noting that eight people had been killed in shooting incidents in January alone. “Ensuring the safety of the general public remains an unachieved goal of this government,” he said.

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Natural disasters affect 17,000 in 11 districts

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Most reservoirs are overflowing causing widespread flooding

Close to 17,000 people have been adversely impacted by natural disasters, triggered by heavy rains across Sri Lanka, the Disaster Management Centre (DMC) reported on Monday morning. A total of 16,930 individuals from 5,738 families, in 11 districts, have been affected, with one death and three injuries recorded. The Meteorology Department has forecast thundershowers in several provinces, while landslide and flood warnings issued on Sunday remain in effect for the next 24 hours.

The North-East monsoon has unleashed heavy rains across the country’s East, North Central, and Eastern slopes of the central hills, causing widespread flooding, reservoir spills, and disruptions. More than 50 major tanks and reservoirs are overflowing, inundating downstream towns and agricultural areas, according to the Irrigation Department and Disaster Management Centre (DMC).

Four major reservoirs in the north—Iranamadu Reservoir (Kilinochchi), Pavakkulam Reservoir (Vavuniya), Vavunikulam Reservoir (Mullaitivu), and Muthaiyankattu Reservoir—have fully opened their spill gates. Water flowing through medium and small reservoirs has damaged paddy fields for the third time this season and submerged several key roads, disrupting transportation and daily activities.

Director of Irrigation (Water Management) H.F.P.S.D. Herath reported that 54 out of 73 major reservoirs, controlled by the Department, are overflowing. Additionally, 43 mid-sized reservoirs have reached their discharge limits, with 93% of total reservoir capacities currently retained. The Rajanganaya reservoir is overflowing at a rate of 17,000 cubic feet per second, while the Deduru Oya reservoir is spilling at 16,000 cubic feet per second, raising flood risks in multiple areas.

Herath said that the low-lying areas in the Kala Oya valley, Deduru Oya valley, and Gal Oya region face imminent flood threats. Roads in areas, such as Batticaloa-Polonnaruwa, Malwatu Oya, and Nachchaduwa, have been inundated, making crossings dangerous. Flood warnings have been issued for Vengalacheddikulam, Madu, Mussalei, and Nanaddan DS divisions.

Residents in vulnerable areas, including Wariyapola, Chilaw, Akkareipattu, and Karuwalagaswewa, have been urged to remain vigilant, he said.

Schools in the North Central Province have been closed, according to Education Director S.M.W. Samarakoon, as a precautionary measure. Traffic on the Batticaloa-Polonnaruwa main road has also been suspended due to the rising water level in the Mahaweli River.

The Department of Meteorology reported reduced rainfall in parts of the island on Monday but warned of continued rains in the Northern, North Central, Eastern, Uva, and Central provinces. Cloudy skies and temporary localized strong winds, with lightning during thunderstorms ,remain a concern.

Residents and vehicle drivers in affected areas are requested to take precautions, while disaster management authorities have been instructed to take proactive measures.

As conditions remain volatile, authorities are monitoring the situation closely and responding to emerging challenges.

A navy boat reaches to people affected by severe whether conditions at Buddhangala in Padvaiya. Navy relief teams deployed in affected areas, equipped with dinghies, facilitated transportation and extended essential support to communities, enabling them to carry out their daily activities. Additionally, 49 Navy relief teams are ready and on alert to be deployed immediately to provide assistance to the public in case of flooding, the Navy said.

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