Friday, June 14, 2024

Latest Posts

Onmax DT Directors Pledge to Repay Victims of Pyramid Scam within Two Years

May 29, Colombo (LNW):The directors of Onmax DT, a company involved in a pyramid scam, have assured the Colombo Magistrate’s Court that they will repay the depositors who lost their investments within two years. This assurance was given during court proceedings presided over by Chief Magistrate Thilina Gamage.

Onmax DT has been accused of operating an illegal financial scheme that resulted in significant financial losses for thousands of depositors. Anuja Premaratne, President’s Counsel representing the company’s directors, informed the court that they plan to reimburse 61,206 depositors.

The court had previously imposed a prohibition order on the company’s bank accounts. However, Premaratne indicated that once this ban is lifted, the depositors would begin receiving their funds within the promised two-year period.

Namal Rajapaksa, the lawyer representing the depositors, highlighted that the defendants owe approximately 250 million rupees to their clients. Chief Magistrate Thilina Gamage instructed the defendants to prepare and submit a comprehensive repayment plan promptly.

Additionally, the court will review the status of the ban on the company’s bank accounts. The next hearing is scheduled for July 09, during which the court will assess the progress of the repayment plan.

Latest Posts


Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.