Suspension on Perpetual Treasuries further extended by 6 months

The Central Bank yesterday extended the suspension on controversial primary dealer Perpetual Treasuries Limited by another six months.

The Central Bank first suspended the business of Perpetual Treasuries on July 6, 2017 and since then, the suspension has been extended every six months up to now.

Perpetual Treasuries is at the center of an investigation into possible irregularities at a government bond sale in 2015.

“The Central Bank of Sri Lanka, acting in terms of the regulations made under the Registered Stock and Securities Ordinance and Local Treasury Bills Ordinance, has decided to extend the suspension of business of Perpetual Treasuries Limited,” the Central Bank said in a brief statement.

Accordingly, Perpetual Treasuries is not allowed to carry on the business and activities of a primary dealer for a further period of six months, with effect from 4:30 p.m., on July 5, 2024.

This is to continue the investigations being conducted by the Central Bank.