CBSL locks out PTL from Primary Dealer business for six more months

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 extended the suspension of Perpetual Treasuries Limited (PTL) preventing it 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. yesterday (05), in order to continue the investigations being conducted by the Central Bank of Sri Lanka, CBSL said

Finance Minister Basil Rajapaksa, presenting budget 2022 has proposed to transfer Rs. 8.5 Billion that Perpetual Treasuries Limited earned in violation of the Code of Conduct at the Central Bank of Sri Lanka to the Treasury.

In order to examine, investigate, and report on the issuance of the Treasury bonds during the period 1 February 2015 to 31 March 2016, former President Maithripala Sirisena appointed a tri-party Presidential Commission of Inquiry chaired by retired Supreme Court Judge K.T. Chithrasiri.