Gayan Wickramathilake, who managed the database of ‘Onmax DT’, a pyramid scheme in Sri Lanka, has been arrested in Dubai.

He was arrested by officials of the Criminal Investigations Department (CID) over the alleged fraudulent pyramid scheme.

According to the Police, Gayan Wickramathilake was brought back to Sri Lanka this morning (21 Feb).

‘OnmaxDT’ is among 09 entities that were banned by the Central Bank of Sri Lanka in August 2023 for engaging in pyramid schemes. 

The private firm was found to be allegedly involved in a pyramid financial fraud of US$ 100 million in Sri Lanka.

In November 2023, five Directors of ‘OnmaxDT’ were also arrested for the alleged fraudulent pyramid scheme. (Newswire)

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Opposition Leader Sajith Premadasa has called on the government to initiate stringent actions against illegal financial firms engaging in pyramid schemes in Sri Lanka. 

Addressing the Parliament on Tuesday, MP Premadasa singled out ‘OnmaxDT’, a private firm that was found to be allegedly involved in a pyramid financial fraud of US$ 100 million in Sri Lanka.

‘OnmaxDT’ is among 09 entities that were banned by the Central Bank of Sri Lanka in August 2023 for engaging in pyramid schemes.

The Opposition Leader told the Parliament today that a large number of people have become helpless because of the pyramid scheme operated by ‘OnmaxDT’.

He further emphasized that the government must intervene and initiate stringent actions, as people all over the nation have fallen victim to this financial racket.

MP Premadasa said that just as the government had taken action against online lending companies in the past, action should also be taken against ‘OnmaxDT’. (Newswire)

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The five (05) Directors of the private firm ‘OnmaxDT’, who were arrested for the alleged fraudulent pyramid scheme conducted in Sri Lanka, have been remanded. 

Police Spokesman SSP Nihal Thalduwa said the group was arrested by officials from the Financial Crimes Investigation Division (FCID) today. 

They have been remanded until November 16, 2023, after being produced before the Colombo Magistrate’s Court, following their arrest.

OnmaxDT was found to be allegedly involved in a pyramid financial fraud of US$ 100 million in Sri Lanka.

The private company is among 09 entities that were banned by the Central Bank of Sri Lanka in August this year for engaging in pyramid schemes. (NewsWire)

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A court order has been issued preventing the sale of assets belonging to a Director of a private firm, OnmaxDT, which was found to be allegedly involved in a pyramid financial fraud of US$ 100 million in Sri Lanka.

OnmaxDT is among 09 entities that were banned by the Central Bank of Sri Lanka in August this year for engaging in pyramid schemes.

According to Lankadeepa, Colombo Chief Magistrate Prasanna Alwis has issued an order preventing the transfer or sale of 20 properties worth over Rs. 620 million belonging to Sampath Sandaruwan, a Director of OnmaxDT. 

The court order has been issued to four land registrars in charge of the Matara, Kalutara, Hambantota, and Kadawatha areas. 

The Criminal Investigations Department (CID) had requested the court order after investigations had ascertained that the properties had been obtained using the pyramid scheme. 

The CID revealed that a luxury hotel and several luxury houses were among the 20 properties belonging to Sampath Sandaruwan adding that a luxury hotel and six houses were in Matara, two lands each in Hambantota and Kadawatha, and 10 lands in Kalutara. 

The court was also informed that Sampath Sandaruwa had attempted to transfer the ownership of the properties to his wife and relatives on the same day to conceal his involvement in the Pyramid scheme. 

The CID further stated that several complaints have been received with regard to the Pyramid Scheme conducted by OnmaxDT, adding that investigations have been launched into ten of the complaints.

It has been found that over Rs. 50 million each has been defrauded from two complainants by the fraudsters, the CID added. (NewsWire)

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An overseas travel ban has been imposed on six directors of a private company, (OnmaxDT), for their alleged involvement in a pyramid financial fraud of 100 million US dollars, it has been reported.

According to Daily News, the travel ban was imposed by Colombo Chief Magistrate Prasanna Alwis yesterday (28).

The overseas travel ban has been imposed on the directors and shareholders of the company Sampath Sandaruwan, Athula, Gayashan Abeyratne, Madhuranga Prasanna, Saranga Randika and Dhananjaya Jayan.

Imposing the travel ban, the Magistrate ordered that the details be sent to the Controller General of Immigration and Emigration and for the relevant bank heads to freeze 57 accounts owned by the suspect directors and the company. 

Charges have been filed against the suspects under Section 83 of the Banking Act and Section 03 of the Money Laundering Act. (NewsWire)

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