Central Bank extends suspension on Perpetual Treasuries
- 5opn1
- January 6, 2025
- Political
- Central Bank extends suspension on Perpetual Treasuries
- 0 Comments
The Central Bank of Sri Lanka (CBSL) has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months.
The suspension, effective from 4.30 p.m. on January 5, 2025, comes as investigations into the company’s activities continue under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.
According to the Central Bank, this decision had been taken since the investigations into the Central Bank bond scam were still underway.
Perpetual Treasuries Ltd and some of its senior officials including its owner have been named as suspects in a massive fraud that occured during the issuance of treasury bonds in 2015.The services and activities of this company have been suspended since then.
