Ranjith Siyambalapitiya, State Minister of Finance, has introduced new measures aimed at addressing the issue of pyramid schemes. These measures focus on strengthening regulations and penalties associated with such fraudulent schemes.
The State Minister emphasized that both individuals and organizations involved in pyramid schemes will be held accountable under criminal law. The government intends to collaborate with law enforcement agencies and financial institutions to swiftly detect and take action against pyramid schemes. The move is part of a broader effort to protect consumers and maintain the integrity of the financial sector.