The Central Bank of Sri Lanka published a public notice stating that it has determined, following an investigation under the Finance Business Act No. 42 of 2011, that RD Media Earning Hub (Pvt) Ltd and two directors accepted deposits in contravention of the Act. The central bank has directed the company and the individuals to cease accepting deposits from the public and to repay all remaining deposit liabilities. The determination relates to deposit taking by RD Media Earning Hub (Pvt) Ltd (PV 00222075) during June 2020 to April 2021. The notice names Ms. Ihala Kihimbiya Pathiranage Ruvindi Theekshana, a former director during June 2020 to January 2021, and Mr. Dasanayaka Mudiyanselage Eranga Manoj Dasanayaka, a director during January 2021 to April 2021. The direction includes not accepting deposits by issuing “Security Deposits”, “Investment Agreements” or in any other manner.
Central Bank of Sri Lanka 2026-01-14
Central Bank of Sri Lanka directs RD Media Earning Hub and its directors to stop unauthorized deposit taking and repay outstanding deposit liabilities
The Central Bank of Sri Lanka has ordered RD Media Earning Hub (Pvt) Ltd and two directors to stop accepting deposits and repay all deposit liabilities after finding they violated the Finance Business Act No. 42 of 2011 by accepting deposits from June 2020 to April 2021.