Sri Lanka, May 25 -- The Central Bank said that it is not responsible for the public investing in unregulated plantations schemes which are mushrooming in the country today promising unrealistic reruns on deposits.

"We have noticed a growing number of pyramid schemes in the plantation sector offering very a high return on investments. If funds are collected through unregulated schemes, the Central Bank will do its maximum to bring those behind the scheme to task," Central Bank Governor Dr. Nanadalal Weerasinghe said.

The Governor was responding to a query as to what penalties are enforced on bogus plantations schemes.

"The Central Bank will not hesitate to take the maximum steps against illegal schemes fleecing the public," the Governo...