Suspension on Perpetual Treasuries extended

The suspension of the business of controversial primary dealer Perpetual Treasuries Limited has been extended by another six months, the Central Bank 
said yesterday.

The Central Bank said that it extended the suspension starting from July 5, under the Registered Stock and Securities Ordinance and Local Treasury Bills Ordinance, in order to continue the investigations into the country’s largest-ever securities scam. Perpetual Treasuries Limited is connected to Arjun Aloysius, who is the son-in-law of former Central Bank Governor Arjuna Mahendran, who has an Interpol red notice on him.