Suspension on Perpetual Treasuries extended by further six months

The Monetary Board of the Central Bank has extended the suspension on primary dealer activities of Perpetual Treasuries Limited by another six months.

The move is in order to continue the investigations being conducted by the Central Bank.
“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 further period of six months with effect from 4.30 p.m. on 05th January 2023, in order to continue the investigations being conducted by the Central Bank of Sri Lanka,” a Central Bank statement said.

Perpetual Treasuries, a Central Bank licensed primary dealer in government bonds’ activities was suspended after a bond scam that came to light in 2016.

The dealership is owned by Arjun Aloysius, the son-in-law of ex-Central Bank Governor Arjuna Mahendran (2015-2016).