AG told to look at possibility of taking legal action on Arjun

07 Jul, 2017

The Attorney General (AG) has been told to look at the possibility of taking legal action against Arjun Aloysius of?Perpetual Treasuries Limited (PTL).

The Presidential Commission on the Central Bank bond scam instructed the AG to look into this matter after it was alleged that?Aloysius had telephoned a witness in the investigations.

Yesterday the Monetary Board of the Central Bank of Sri Lanka acting in terms of the Regulations made under the?Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend Perpetual Treasuries Limited (PTL) linked to Arjun Aloysius, son-in-law of former Central Bank Governor, Arjuna Mahendran, from carrying on the business and?activities of a Primary Dealer for a period of six months with?effect from 4.30 p.m. on 06th July 2017.

The Central Bank had said it will take necessary measures to ensure that this?regulatory action does not have a disruptive impact on the?market. (Colombo Gazette)

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