Prohibited Pyramid Schemes in Sri Lanka

A pyramid scheme is a fraudulent financial arrangement in which earnings are primarily derived from recruiting new participants or from increasing the contributions made by the participants rather than from legitimate business activities. Under Section 83C of the Banking Act, No. 30 of 1988, any scheme exhibiting even one of these characteristics is considered illegal and subject to legal penalties including fines and imprisonment.  This law not only penalizes those who directly initiate such schemes but also those who facilitate them in any form, including offering, promoting, advertising, financing, or directing these operations.  If you encounter information about such schemes, you can report them to the nearest police station or contact the Central Bank of Sri Lanka via following,

Director, Financial Consumer Relations Department
Central Bank of Sri Lanka, No. 30, Janadhipathi Mw, Colombo 01

fcrd@cbsl.lk
0112477744
0765780000

 

HOTLINE - 1935

 

Notice to General Public on Prohibited Pyramid Schemes

 

Posters 

Leaflets - Sinhala

 

Frequently Asked Questions

 

Pamphlet on Danger Posed by Pyramid Schemes and Network Marketing Programs

 

Videos

Sinhala Testimonials

Pyramid Schemes Video - Sinhala

 

Sinhala and Tamil Interviews

TV Programme Conducted with Shraddha TV

Radio Programme Conducted with Lakvitu Radio Channel

TV Programme Conducted with ITN TV

TV Programme Conducted with Sirasa TV

TV Programme Conducted with Rupavahini TV

TV Programme Conducted with Shakthi TV

 

Articles 

Beware of Their Tactics: Avoid Pyramid Schemes at any cost!

Pyramid Schemes - Sinhala Note

Pyramid Schemes - Tamil Note

 

Sinhala Presentation (Slides)