Onmax DT

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. 

https://www.newswire.lk/2023/09/05/pyramid-scheme-new-court-order-related-to-onmaxdt/