Golden Key, Vanik both in liquidation, Ceylinco Securities , , but they were not CB approved to accept deposits (Vanik was a licenced Merchan Bank , but they could not accept deposits from people later they acquired LB finance which is still functioning under a sale) But well educated intellectuals deposited money in those. So CB's notice is notworking. Even now there are lot of institutions that calls to solicit money deposits . They do it as commercial paper, People do not understand or do not care as long as they get higher interest.
Pyramid scams were not dealt porperly by then governer of CB who is now back again in the same position. So we cannot expect decrease of these . Good programme.