MyCountry.News

Click anywhere or press any key to explore

MyCountry.News Logo
Central Bank Extends Asset Freeze on Six Entities Under Finance Business Act Amid Deposit Probes
#Finance

Central Bank Extends Asset Freeze on Six Entities Under Finance Business Act Amid Deposit Probes

MyCountry.News

MyCountry.News

September 23, 20261 min read Colombo
0

The Central Bank of Sri Lanka (CBSL) announced today, September 23, 2026, that it has extended formal freezing orders on six commercial entities and their executive directors under Section 11 of the Finance Business Act No. 42 of 2011.

The affected companies—Kasagala Green Plantation, Ceylon Green Life Plantation, Singhe Capital Investment, Pro Shop Advertising Holdings, Athens International Education Centre, and Eyon Lanka Investment & Film Production—remain under rigorous forensic investigation for conducting unauthorized deposit-taking schemes and pyramid financial structures. The Department of Supervision of Non-Bank Financial Institutions urged citizens to exercise heightened vigilance and verify institutional accreditation on the official CBSL registry before making financial commitments.

MyCountry.News

Published By

MyCountry.News

Colombo

AI Story Intelligence

Need deep context or background on this story?

Ask our AI Analyst for instant verified facts, root causes, historical data, and economic impact.

Ask AI Analyst