Onmax DT Directors Pledge to Repay Depositors

COLOMBO (News 1st); The directors of Onmax DT, a company embroiled in a pyramid scam, have assured the Colombo Magistrate's Court that they will take steps to repay the depositors who lost their investments.

They had informed the court, that the depositors will be paid back their due in two years.

The court proceedings were presided over by Chief Magistrate Thilina Gamage.

Onmax DT faced allegations of operating an illegal financial scheme that left thousands of depositors financially devastated.

Anuja Premaratne, President's Counsel representing Onmax DT's directors, informed the court that the company would reimburse 61,206 depositors.

The court had previously imposed a prohibition order on the company's bank accounts.

However, the President's Counsel indicated that once this ban is lifted, the depositors would receive their funds within two years.

Namal Rajapaksa, the lawyer representing the depositors, emphasized that the defendants must repay approximately 250 million rupees to their clients.

Chief Magistrate Thilina Gamage warned the defendants to prepare a comprehensive repayment plan, and expects them to submit this plan promptly.

Additionally, the court will review the matter concerning the removal of the ban on the company's bank accounts.

The case is scheduled for another hearing on July 09, during which the court will assess the progress.