Monetary Board curtails activities of Perpetual Treasuries

Monetary Board curtails activities of Perpetual Treasuries

February 8, 2017   01:11 pm

- By Yusuf Ariff

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to curtail certain activities of Perpetual Treasuries, the controversial primary dealer at the centre of the Central Bank bond scam.

The Governor of the Central Bank Dr. Indrajit Coomaraswamy stated that two internal inquiries regarding the bond issue are currently ongoing and that the IGP has been notified to conduct a police investigation.  

Dr. Coomaraswamy further added that the actions taken against the perpetrators are proportionate to the violations identified via the Central Bank`s site report. 

The governor stated that the decision to write a letter to the IGP requesting for the ongoing inquiry was made by the Monetary Board itself. 

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