• Last Update 2024-07-07 13:46:00

CB report on controversial bond trader that leaked to the media was an authentic copy - official

Business


A recent confidential report on a Central Bank (CB) probe on controversial bond trader Perpetual Treasuries Ltd (PTL) which appeared in the media had not been authorised for public circulation, the CB said on Monday.
It said the Police had been asked to investigate how the report leaked.
Under pressure after websites and the Business Times (BT) last week ran extensive sections of the report which faulted the PTL on many issues, the Monetary Board of the CB said “The release of this report into the public domain has not been authorised.” The statement confirms that the report was in fact an authentic one though some government politicians had claimed it to be ‘fake’.
“The Central Bank of Sri Lanka’s internal processes within the Department of Supervision of Non-Bank Financial Institutions have not been completed and the final report has not as yet been submitted to the Monetary Board for its consideration. Arising from this unauthorised disclosure, the Central Bank of Sri Lanka is strengthening its internal control mechanisms and a complaint has also been made to law enforcement authorities to inquire into the unauthorised release of this report,” the statement said.
“At its last meeting held on 3rd October the Monetary Board decided to hold a special meeting to consider issues related to the resolution of distressed non-bank financial institutions as well as the operations of Primary Dealers, including the current concerns regarding Perpetual Treasuries Ltd. This special meeting will be held shortly and was scheduled before the Monetary Board was aware of the unauthorized release of the draft examination report on Perpetual Treasuries Ltd,” it said.

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