Sri Lanka, June 15 -- The Central Bank of Sri Lanka has launched a formal investigation into Kasagala Green Plantation (Private) Limited, following false assertions by a company director on national television that the agricultural venture is regulated by the country's top financial authority.
The probe comes amid a growing trend of unauthorised entities utilising public platforms and aggressive advertising to solicit funds from the public under the guise of high-yield investment schemes.
The controversy stems from remarks made by Malwattage Ranjith Nandana Pieris, a Director at Kasagala Green Plantation, during the "Pini Viyana" television programme broadcast on the Independent Television Network (ITN) on June 8, 2026. During the broadc...