The Colombo Chief Magistrate today (11) imposed an overseas travel ban on 04 leading figures of the MTFE SL Group.
The Group is facing charges of conducting activities that could fall under prohibited pyramid schemes.

An investigation has been initiated by the Financial and Commercial Crimes Investigation Division and the aforementioned order was made after officers investigating the case had made a statement to the Colombo Chief Magistrate’s Court this morning.

However, it is learnt that one of the 04 officials who had received this overseas travel ban, had already left for Dubai early this morning.

Earlier, the Central Bank of Sri Lanka too, had formally stated that it was advisable to initiate a separate probe under the CID with regard to the Pyramid schemes, in addition to the current investigation. The CBSL letter had added that it was also prudent to obtain an overseas travel ban since the top hierarchy of the company was capable of going abroad.

It is also said that MTFE SL Group has not been registered under the Central Bank.

The company is a sponsor of the 2023 LPL based on an agreement reached with Sri Lanka Cricket (SLC) and I.P.G. company and accordingly, it was seen how the company printed its logo on the jersey of the Jaffna Kings team and carried out advertising activities in the stadiums where the matches were held.

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CBSL probes Jaffna team’s sponsor MTFE SL Group

Steps have been taken to speed up the operations of the proposed Sports University by providing the opportunity to undergraduates to complete the degree with expertise in sports, State Minister of Sports and Youth Affairs Rohana Dissanayaka said.

By enhancing the Diyagama Mahinda Rajapaksa Sports Complex, it is intended to construct the Sports University, which is expected to recognize outstanding athletes both locally and at the school level and provide the necessary facilities to advance their abilities.

He expressed these views today (11) during a press conference themed ‘Collective Path to a Stable Country’ held at the Presidential Media Centre (PMC).

The State Minister added that the National Sports Council has been established, putting an end to allegations of political interference in the selection of athletes for international sports competitions. He said that the new National Sports Council, which would include seasoned athletes and experienced professionals, will contribute to the development of a robust sports culture in the nation.

Meanwhile, the State Minister also said that steps will be taken to restart the National Youth Sports Festival and the ‘Thurunu Shakthi’ program.

Twenty seven Sri Lankans have been injured after a bus they were travelling in had toppled in Türkiye.

The bus was carrying 39 Sri Lankans who are working on a project at the Istanbul Airport.

They had been returning to their lodgings after ending a work shift when the driver had lost control of the bus, which had veered off the road before toppling into a 6-metre precipice.

The Yüpsultan district governor has stated that no lives were lost and the injured were swiftly hospitalised and are now receiving medical treatment.

The Sri Lankan diplomatic mission in Turkey has said that an embassy representative would be dispatched to look into the group.