Central Bank names and shames six fraudulent finance operators The Central Bank has deemed that the following six organizations and individuals are engaged in fraudulent financial operations: Okanda Finance (Private) Ltd, Sakwithi Ranasinghe (House Construction Pvt. Ltd) , Piyadasa Ratnayake, Nadini Finance (Pvt.) Ltd, D.K Udayasiri and Sriyawi Homes and Lands Investments.
According to the Central Bank notice these individuals and institutions are not authorized to conduct finance business by accepting money from the public as deposits or in any other form and the lending of money on interest and/or the investment of money in any manner.
Why did not take action to against these companies
These particular companies had been advertising through
print and electronic media (TV and Radio) encourage people to invest the companies for a long period whereas the Central Bank of Sri Lanka did not take stringent action against these fraudulent companies .many people have been invested there hard earned money with these companies up to now. The people question why Central Bank did not take action to against these companies
Central Bank names and shames six fraudulent finance operators
print and electronic media (TV and Radio) encourage people to invest the companies for a long period whereas the Central Bank of 
