Central Bank extends suspension of Perpetual Treasuries Limited

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 for a period of six months with effect from 4.30 p.m. on 05th January 2018, in order to continue the investigations being conducted by the Central Bank of Sri Lanka.

In July last year the Monetary Board of the Central Bank 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.

The Presidential commission which investigated the alleged treasury bond scam had found that Perpetual Treasuries had made profits of over 11,145 million through the treasury bond transaction. (Colombo Gazette)