Unspecified action taken against Perpetual Treasuries: CB Governor

ECONOMYNEXT – Sri Lanka’s central bank has taken unspecified action against Perpetual Treasuries, a primary dealer in government securities that was involved in controversial deals.

Central Bank Governor Indrajit Coomaraswamy said the Monetary Board, the highest decision-making body had taken action on November 07 and also later but decline to elaborate.

He said details would be revealed later.

A parliamentary committee has recommended that the profits made from allegedly rigged auctions should be clawed back and legal action also taken against the former Central Bank Governor Arjuna Mahendran.

Perpetual Treasuries is connected to Mahendran’s son-in-law Arjuna Aloysius.

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