CB suspends activities of Perpetual Treasuries for six months

6 July 2017 05:06 pm - 7 - {{hitsCtrl.values.hits}}

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The Monetary Board had suspended Perpetual Treasuries Limited (PTL) from carrying on business and other activities as a Primary Dealer for six months with effect from today, the Central Bank said in a statement.

It said that the SLCB had decided to suspend the activities of the said firm acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.

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

The CB said that action would also be taken to facilitate the handling of the interests of the customers and counterparties of PTL in an orderly manner.

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Comments - 7

ceylon Thursday, 06 July 2017 05:54 PM

this country has the most stupid leaders in asia.how long it takes to investigate a court case .postpones for months.it takes decades to handle this. via DM Android App

Nihal Amarasekera Thursday, 06 July 2017 06:30 PM

Horse bolted; may return when opportune.

RD Thursday, 06 July 2017 07:50 PM

I bet, as Ranjan said, no UNPers believe that the government is culpable of this mess. All governments in the past, present and will be in future blame the previous governments for all the mess

JAN Thursday, 06 July 2017 08:23 PM

SLCB decision at least very good what about Finance Companies deliberately misuse peoples money CB officals totally Responsible for this hard earned peoples money via DM Android App

lion Friday, 07 July 2017 06:56 AM

Accept there are draw backs, short comings but with all that there is and investigation. Look at MR times how many complains were made against Nevad Cabral , we saw the codger dancing with Namal and Kenushka in the foreign ministry in an attempt to bring some games to Srilanka busting millions of poor mans money.I think it was common wealth games. Did Mara listen to these. Mara never listen to any other than himself. Be happy at least some thing is happening and we can express our view without any fear of being abducted by gotas white vans.

nick Friday, 07 July 2017 08:22 AM

everyone is linked so this case will never be solved via DM Android App

Dan Friday, 07 July 2017 10:35 AM

Yes wait for 2 years until all the loot is hidden away, evidence tampered and media attention is on other things. What a joke, if they could suspend now, they should have suspended them few hours after the great robbery.

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CB suspends activities of Perpetual Treasuries for six months

Comments - 7

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