Business suspension Perpetual Treasuries extended by CB

News

The Central Bank has decided to extend the suspension of the crisis-hit Perpetual Treasuries Ltd (PTL) from carrying on the business and activities of a Primary Dealer for a period of six months with effect from July 5 in order to continue the investigations being conducted by the Central Bank, the banking regulator said on Monday in a short public statement.
The firm is a key suspect in the 2015 and 2016 Treasury bond scams in which the government lost millions of rupees.

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