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Sri Lanka: One Island Two Nations
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Wednesday, June 27, 2012
Gold Quest Pyramid again under the name of Global lifestyle fleecing the country
-With patronage of Central Bank Governor Cabraal and Cabinet advisor Mohan Peiris
(Lanka-e-News- 26.June.2012, 11.30PM)Today , Lanka e news wishes to reveal to you another illegal operation by the notorious Pyramid chain under the name of Global lifestyle Lanka , which involves the brainwashing of innocent young girls and boys of SL with the assistance of Ven. Buddhist Prelates who have been lured into this net.
A former director of the Central bank speaking to Lanka e news regretted that despite this nefarious activity being investigated by the Central Bank authorities and a report forwarded to the Attorney general’s (AG) dept. some months ago, no legal action had been taken by the AG’s Dept. so far.
This Global Lifestyle evil business chain has spread like cancer across half of the Eastern and northern regions . This establishment targeting the fishing communities and those areas where there is no electricity had imported two kinds of solar energy equipments at Rs. 43000/- and Rs.61000/- each from China through the Pyramid organization illicit channels, and are marketing them at prices with huge unreasonable profits in those areas of the innocent residents, the former Central Bank Director exposed.
When these equipments are being marketed , instead of engaging those who have been made members of the chain after collecting a membership fee , plans are afoot to employ members who invested huge amounts in this chain to market these items.
The actual cost of these equipments imported from China is around Rs. 15000/- each, and they are of the most inferior quality . Though the aim when marketing these items through this chain is to sell them at reasonable prices and thereby get members into this chain , the marketing plan on the contrary is to sell these items with colossal profits through the members who join the chain, the Director pointed out.
According to information reaching us, this racket is another new methodology under the name of Global lifestyle of the same Hong Kong based ‘Gold quest’ businessmen earlier . The chief in this business is Selvarajan Wijayaratnam , a brother of the wife of Eswaran , and British mixed Sri Lankan national.
The two brothers , Sura and Lal Ranasinghe are conducting this marketing campaign within SL while delivering fake lectures. Mano and Balaji , two Indian Nationals are also assisting in this massive racket , reports say.
Based upon our investigation into this swindle in the national interest , we had been informed by a chief of the AG’s Dept. that with the patronage of the advisor to the Govt., Dr. Sanjaya Sedera and Central Bank governor Ajith Cabraal , these rackets are still on going in SL, and due to the pressures exerted by former AG Mohan Peiris , the AG’s Dept is deliberately avoiding the conduct of investigations into these illicit deals.
The chief Executive of Asia Capital Co. which is in the SL Colombo stock exchange list and under the Gold quest administration is , Mano Nanayakkara. The latter’s sister Priyanthi Mendis , a legal counsel is the beloved wife of former AG Mohan Peiris. This has been one of the reasons that had prompted the suppression of this investigation.
Upon inquiries made by Lanka e news over the phone from Global Lifestyle situated at No. 403 , Duplication Road , Kollupitiya ( in the vicinity of the British Council and the Commercial Bank ), they said, if the need is there to join in the marketing of these solar equipments it could be done through somebody who is already a member of theirs , and engage in the sales activities of the chain. Apart from that there are no direct sales by their Co.
Hereunder are the questions asked by us and the answers given :
LeN : I am speaking from Devundara , Matara. A group of our fishermen are in need of your solar equipments. How do we get them ?
Global Life style : (a lady speaking) – Sir , we do not give answers via the phone. If you can come to our only establishment at Kollupitiya , we can furnish you with details.
LeN : I am the private secretary of an M.P. ( we were making a false pretense)
Global Life style : Sir , we sell solar equipments only to the members . If any of you can come through a member , you can get the item. But we do not make direct sales.LeN : Kindly try to understand . We don’t have need to buy through members . We want to directly purchase them. If you cant sell them direct to us , there is some underhand deal in this (in a stern tone)
Global Lifestyle : Wait a little Sir. We will connect you to our Executive Angelo Bernabas.
Angelo Bernabas: Because we want our members of the chain to get better gains on this that we do not market them to the shops.
On every item we sell we give the member Rs 2000/-. On top of that , based on the marks allocation scheme , an individual can earn between Rs. 25000/- to Rs. 4/5 lakhs depending on his toils.
If you can visit us , you can buy the necessary solar equipment without the necessity to become a member, after making the payment .
In response to his request , we paid a visit to the Institution and made inquiries. We then realized a large number of religious dignitaries local and foreign are involved in the Global lifestyle business.
Who is this Namalwatte Subuthi who is destroying the Sasana?
——————————————————————————
While we were there , a young Bangla Desh Thero who started a conversation with us said, on the invitation of Namalwatte Subuthi, he got involved in this chain’s marketing activities and they are being advertised in Bangla Desh.
According to this young Bhikkhu , about 200 Prelates , local and international are engaged in this Pyramid venture via Namalwatte Subuthi.
It was also revealed that this prelate Namalwatte Subuthi is engaged in promoting and propagating this business in Dubai , Middle east countries where there are a large number of Sri Lankans , and in countries like Singapore , Malaysia and Australia .
In truth those groups who were there were of the age range of 18-30, and large groups like them were being employed to sell these solar equipments.
We could based on the efforts earn from Rs. 25000/- to Rs. 10 lakhs…This group first gave us a discourse on how this income can be earned. A group of boys that was there told us , they had apprised their parents of this
It is significant to note that this business is prohibited under the SL Banking Act. On the pretext of introducing friends this business is being carried on by this chain. At the beginning the members gained in lakhs of rupees , finally what happens at the end in this chain is , everyone is reduced to a nought, and before the remaining limited crowd , the entire manipulation crashes due to its incapacity to expand its business .
Might we recall that we exposed the details of another similar business that was carried on by a Company , ‘Best life’. Following these exposures the Central bank carried full page advertisements in the Island’s national newspapers some weeks later warning the people not to fall prey to these chain rackets.
It was also notified by the Central bank that complaints can be made to the police regarding those who are spreading this chain business , and that the police is empowered to arrest them.
-With patronage of Central Bank Governor Cabraal and Cabinet advisor Mohan Peiris
(Lanka-e-News- 26.June.2012, 11.30PM)Today , Lanka e news wishes to reveal to you another illegal operation by the notorious Pyramid chain under the name of Global lifestyle Lanka , which involves the brainwashing of innocent young girls and boys of SL with the assistance of Ven. Buddhist Prelates who have been lured into this net.A former director of the Central bank speaking to Lanka e news regretted that despite this nefarious activity being investigated by the Central Bank authorities and a report forwarded to the Attorney general’s (AG) dept. some months ago, no legal action had been taken by the AG’s Dept. so far.
This Global Lifestyle evil business chain has spread like cancer across half of the Eastern and northern regions . This establishment targeting the fishing communities and those areas where there is no electricity had imported two kinds of solar energy equipments at Rs. 43000/- and Rs.61000/- each from China through the Pyramid organization illicit channels, and are marketing them at prices with huge unreasonable profits in those areas of the innocent residents, the former Central Bank Director exposed.
When these equipments are being marketed , instead of engaging those who have been made members of the chain after collecting a membership fee , plans are afoot to employ members who invested huge amounts in this chain to market these items.
The actual cost of these equipments imported from China is around Rs. 15000/- each, and they are of the most inferior quality . Though the aim when marketing these items through this chain is to sell them at reasonable prices and thereby get members into this chain , the marketing plan on the contrary is to sell these items with colossal profits through the members who join the chain, the Director pointed out.
According to information reaching us, this racket is another new methodology under the name of Global lifestyle of the same Hong Kong based ‘Gold quest’ businessmen earlier . The chief in this business is Selvarajan Wijayaratnam , a brother of the wife of Eswaran , and British mixed Sri Lankan national.
The two brothers , Sura and Lal Ranasinghe are conducting this marketing campaign within SL while delivering fake lectures. Mano and Balaji , two Indian Nationals are also assisting in this massive racket , reports say.
Based upon our investigation into this swindle in the national interest , we had been informed by a chief of the AG’s Dept. that with the patronage of the advisor to the Govt., Dr. Sanjaya Sedera and Central Bank governor Ajith Cabraal , these rackets are still on going in SL, and due to the pressures exerted by former AG Mohan Peiris , the AG’s Dept is deliberately avoiding the conduct of investigations into these illicit deals.
The chief Executive of Asia Capital Co. which is in the SL Colombo stock exchange list and under the Gold quest administration is , Mano Nanayakkara. The latter’s sister Priyanthi Mendis , a legal counsel is the beloved wife of former AG Mohan Peiris. This has been one of the reasons that had prompted the suppression of this investigation.
Upon inquiries made by Lanka e news over the phone from Global Lifestyle situated at No. 403 , Duplication Road , Kollupitiya ( in the vicinity of the British Council and the Commercial Bank ), they said, if the need is there to join in the marketing of these solar equipments it could be done through somebody who is already a member of theirs , and engage in the sales activities of the chain. Apart from that there are no direct sales by their Co.
Hereunder are the questions asked by us and the answers given :
LeN : I am speaking from Devundara , Matara. A group of our fishermen are in need of your solar equipments. How do we get them ?
Global Life style : (a lady speaking) – Sir , we do not give answers via the phone. If you can come to our only establishment at Kollupitiya , we can furnish you with details.
LeN : I am the private secretary of an M.P. ( we were making a false pretense)
Global Life style : Sir , we sell solar equipments only to the members . If any of you can come through a member , you can get the item. But we do not make direct sales.LeN : Kindly try to understand . We don’t have need to buy through members . We want to directly purchase them. If you cant sell them direct to us , there is some underhand deal in this (in a stern tone)
Global Lifestyle : Wait a little Sir. We will connect you to our Executive Angelo Bernabas.
Angelo Bernabas: Because we want our members of the chain to get better gains on this that we do not market them to the shops.
On every item we sell we give the member Rs 2000/-. On top of that , based on the marks allocation scheme , an individual can earn between Rs. 25000/- to Rs. 4/5 lakhs depending on his toils.
If you can visit us , you can buy the necessary solar equipment without the necessity to become a member, after making the payment .
In response to his request , we paid a visit to the Institution and made inquiries. We then realized a large number of religious dignitaries local and foreign are involved in the Global lifestyle business.
Who is this Namalwatte Subuthi who is destroying the Sasana?
——————————————————————————
While we were there , a young Bangla Desh Thero who started a conversation with us said, on the invitation of Namalwatte Subuthi, he got involved in this chain’s marketing activities and they are being advertised in Bangla Desh.
According to this young Bhikkhu , about 200 Prelates , local and international are engaged in this Pyramid venture via Namalwatte Subuthi.
It was also revealed that this prelate Namalwatte Subuthi is engaged in promoting and propagating this business in Dubai , Middle east countries where there are a large number of Sri Lankans , and in countries like Singapore , Malaysia and Australia .
In truth those groups who were there were of the age range of 18-30, and large groups like them were being employed to sell these solar equipments.
We could based on the efforts earn from Rs. 25000/- to Rs. 10 lakhs…This group first gave us a discourse on how this income can be earned. A group of boys that was there told us , they had apprised their parents of this
It is significant to note that this business is prohibited under the SL Banking Act. On the pretext of introducing friends this business is being carried on by this chain. At the beginning the members gained in lakhs of rupees , finally what happens at the end in this chain is , everyone is reduced to a nought, and before the remaining limited crowd , the entire manipulation crashes due to its incapacity to expand its business .
Might we recall that we exposed the details of another similar business that was carried on by a Company , ‘Best life’. Following these exposures the Central bank carried full page advertisements in the Island’s national newspapers some weeks later warning the people not to fall prey to these chain rackets.
It was also notified by the Central bank that complaints can be made to the police regarding those who are spreading this chain business , and that the police is empowered to arrest them.
