Suspension on Perpetual Treasuries Limited extended

The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer.

A statement by the Central Bank of Sri Lanka said the suspension has been extended for a period of six months with effect from 4.30 p.m. on 05th January 2019.

The bank said the suspension has been extended in order to continue the investigations being conducted by the Central Bank of Sri Lanka.

Perpetual Treasuries Limited is being investigated over a Central Bank treasury bond scam. (Colombo Gazette)

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