Sri Lanka regulator extends Perpetual Treasuries suspension again
ECONOMYNEXT – Sri Lanka’s central bank said it ws extending the suspension of Perpetual Treasuries, involved in the island’s biggest securities scam, for another six months from July 05.
It said in a statement the extension of the suspension was required to continue the investigations being conducted by the central bank.
The regulator had in January 2018 extended the suspension of Perpetual Treasuries, connected to Arjun Aloysius, son-in-law of ex-Central Bank Governor Arjuna Mahendran, for six months.
A Presidential commission of inquiry which probed rigged bond auctions that benefitted Perpetual Treasuries has recommended criminal action against those involved and profits to be recovered.
(COLOMBO, July 05, 2018)