Five directors of 'OnmaxDT' have been arrested on allegations related to their involvement in a fraudulent pyramid scheme. The suspects are due to be produced before the Aluthkade Magistrate's Court today, November 3, as part of the ongoing investigation into these allegations.

The arrests were carried out by the Financial Crimes Investigation Division (FCID), a specialized unit responsible for probing financial crimes and fraudulent activities. The actions come following the Central Bank of Sri Lanka (CBSL) issuing a ban on nine entities, including 'OnmaxDT,' on August 24. These entities were reportedly engaged in pyramid schemes, which are prohibited in Sri Lanka.

The CBSL's ban was accompanied by a warning that any person found to be directly or indirectly initiating, offering, promoting, advertising, conducting, financing, managing, or directing a prohibited type of pyramid scheme would be considered guilty of a punishable offense.