Sri Lanka gilt dealer Perpetual Treasuries barred from trading

ECONOMYNEXT – Sri Lanka’s Perpetual Treasuries Limited, a primary dealer in government securities involved in alleged securities scam has been barred from trading for six months by the regulator.

The central bank said it was suspending Perpetual Treasuries for six months starting from July 06, 2017.

"The Central Bank will take necessary measures to ensure that this regulatory action does not have a disruptive impact on the market," the regulator said.

"Action will also be taken to facilitate the handling of the interests of the customers and counterparties of PTL in an orderly manner."

Perpetual Treasuries in connected to Arjun Alloysius, the son-in-law of ex Central Bank Governor Arjuna Mahendran, who was sacked by President Maithripala Sirisena over controversial deals made by the firms.

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