Sept 22, Colombo: Colombo Additional Magistrate Harshana Kekunawela imposed a travel ban on seven leaders of a company called ‘Sport Chain Society Sri Lanka’ who allegedly defrauded over Rs. 8 billion from a group of people who invested money in a pyramid scheme.
Colombo Additional Magistrate also ordered the suspension of five of their bank accounts today (22).
The Magistrate took into consideration a request made by the Criminal Investigation Department to issue an order banning these seven people from traveling abroad as they have defrauded money by introducing a computer software called Sportschain and issued this order.
Disgruntled investors have lodged a complaint with the Inspector General of Police that around 8,000 persons countrywide including doctors, engineers and teachers have joined in the Sports Chain Society Sri Lanka and invested in the fake cryptocurrency Ponzi scheme.
Colombo Additional Magistrate Manjula Ratnayake had issued summons to five of the heads of the institution to appear in court on December 09 and present their facts regarding this incident. The court also issued orders to ban the foreign travel of these five.
The court issued the orders in relation to a complaint in a civil lawsuit filed by a disgruntled investor Sudath Ranjan Silva, a resident of Egoda Uyana, Moratuwa through his lawyer Naleen Pathirana.