Business suspension of Ptl extended

The Monetary Board of the Central Bank has extended the suspension on the controversial primary dealer, Perpetual Treasuries Limited (PTL), by another six months, with effect from January 5, 2020. The suspension will bar PTL from carrying on the business and activities of a primary dealer. 

The Central Bank said the suspension is slapped to continue the investigations conducted into the activities of PTL. PTL is embroiled in the alleged rigging of the country’s treasury bond market in 2015 and 2016, with the support of the then Central Bank Governor Arjuna Mahendran, who is currently absconding the Sri Lankan courts.