"Legal Update: Five Onmax DT Directors, Remanded for Alleged Pyramid Schemes, Granted Bail by Colombo Chief Magistrate"

In a recent development, Colombo Chief Magistrate Prasanna Alwis has granted bail to five directors of 'Onmax DT,' who were remanded on charges related to suspected involvement in illegal pyramid schemes. The Financial and Commercial Crime Investigation Division of the Criminal Investigation Department had initially arrested the suspects on allegations of conducting illicit pyramid transactions and maintaining suspicious accounts.

During the court proceedings, officers from the Criminal Investigation Department presented updates on the investigations. The evidence included two CPUs containing data held by the first suspect, a mobile phone, and a hard disk owned by the fourth suspect. Additionally, a parcel believed to contain 3.91 grams of gems seized from the residence of the fifth suspect was also presented.

The investigators requested an assessment report from the Gems and Jewellery Authority regarding the value of the seized goods. They further urged the court to issue an order seeking analysis reports from the CERT Institute on the Computer and Communication Tools involved. Concerning the fifth suspect, the court was asked to facilitate a report on properties suspected to have been acquired through illegal transactions and to issue an order preventing the transfer of lands owned by the suspects in Badulla, Homagama, and Kaduwela.

After careful consideration of the presented facts, the Chief Magistrate ordered the release of the suspects on three surety bails, each amounting to Rs. 10 million. The suspects' passports were taken into judicial custody, and they were directed to report to the Criminal Investigation Department (CID) on the last Sunday of every month. The case is scheduled to be called again on February 15, marking a significant development in the ongoing legal proceedings.

In conclusion, the recent legal proceedings involving the five directors of 'Onmax DT' accused of participating in illegal pyramid schemes have taken a noteworthy turn. Colombo Chief Magistrate Prasanna Alwis granted bail to the directors after considering evidence presented by the Financial and Commercial Crime Investigation Division of the Criminal Investigation Department. The court heard updates on the ongoing investigations, including the seizure of gems and electronic devices.

The bail conditions include three surety bonds of Rs. 10 million each, the retention of the suspects' passports in judicial custody, and a monthly reporting requirement to the Criminal Investigation Department (CID). The court also addressed requests for assessment reports on seized goods and analysis reports from the CERT Institute on relevant technology tools. Additionally, steps were taken to investigate properties suspected to be acquired through illegal transactions, with orders issued to prevent land transfers owned by the suspects.

As the legal proceedings continue, the decision to grant bail marks a significant development in the case. The next hearing, scheduled for February 15, will likely provide further insights into the unfolding investigation and the potential implications for the accused directors of 'Onmax DT.'