I wish I could say I knew it. But I was too afraid to publish anything about him since I did not have any evidence to prove my sayings.
This guy was on National TV every week and acted like the savior of all student population.
So most people kept their mouths shut even though a lot have suspected him about his integrity. Anyone with a sense could smell that he is not up for any good when there were endless advertisements inviting people to invest in his unlicensed investment company.
I live in a country where most of the people do not know how there next meal is going to come by. It is not an exaggeration but the hardcore reality. So when someone famous offer them a luxury investment opportunity most of the people are going to fall for that. Especially when he is an authority figure created by the media and has been a popular character in the country for the last 10-15 years.
Now it is all done. Sakvithi Ranasinghe, the famous English tuition master has evaporates with five billion rupees collected from innocent Sri Lankans. Those innocent people wanted nothing but a sound financial future. He had offered returns as high as 30 percent. By contrast, one year government bonds yield a return of only 18 percent.
These investments were life savings of them. Some has sold their only property and invested in his company. Poor women who had to work years in Middle East are now left with only a paper certificate.
Tax payers pay billions each year for the salary of Central bank employees just so we can listen to their aftermath press releases.
We thought you would learn after the Pramuka bank Incident, We thought you would learn after the Goldquest incident. What about Lotus investments? Are you aware that this is run by the same guys behind Goldquest? What about the seagul scammers.
All these companies scammed billions and the owners still lives their luxury lives overseas.
And our Central bank keeps on doing press releases. God Bless Sri Lanka.
Our request to control bodies is, “Please do not let this happen again”. Do a complete analysis about Forestry companies.All these companies are promising outrageous profits.
For an example take a look at the Returns chart of Touchwood investments.
Initial cost – Income
Rs 90,000 – Rs 3,000,000
Rs 177,000 – Rs 6,000,000
Rs 350,000 – Rs12,500,000$ 1 = Rs 110
I am not suggesting they all are scammers. But I am not really comfortable with the above numbers. And to make things worse, their investment plan is maturing only after 15-20 years. Have the authorities done their reviews about these companies? If not, it is high time you start doing it. These companies collect millions each day from investors and hundreds of people rely on them for their financial future.
Central bank says they have banned all network marketing schemes. Can someone explain what Lotus investments is doing? Tiens Lanka, Are they any better? How are they operating from the heart of Colombo? To the Central bank officials, there are rats in your institution. People expect lot more from you than what you are doing at the moment.
“Antharjalaya” is a site which gets loads of visitors from all around the world. I sincerely request from my international readers to help us catch this scammer. He may be in your country. Spread his photo around. Do what ever it’s necessary. No crime is greater than ripping off the poor. He has done the ultimate crime and we need him back in Sri Lanka before he spends out most of it on prostitutes and on gambling. ( He is addicted to both.)
Help us spread the word and capture this criminal. Your digg, stumble, reddit vote will matter a lot this time.
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Do not forget to read the Following.
I am giving away Rs 23,000 in cash.
Share market suckz, Let's play with Euros and dollars.
