Sri Lanka Central Bank Flags Illegal Deposit-Taking Operations

The Central Bank of Sri Lanka (CBSL) has issued a public warning regarding Crosslink Investment and Crosslink Holdings for operating unauthorized deposit schemes. An investigation revealed these entities illegally collected public funds between April 2020 and August 2022 through disguised loan and fixed deposit contracts. The CBSL has ordered both companies to cease all finance business operations immediately, identifying six individuals linked to these activities, aiming to protect the public from financial fraud.