News
Treasury bond scams: Suspension of PTL extended for a further period of six months
The Central Bank of Sri Lanka (CBSL) has extended the suspension of Perpetual Treasuries Limited (PTL) allegedly involved in Treasury bond scams perpetrated in 2015 and 2016 during yahapalana administration. The new directive prevents the PTL from functioning as a Primary Dealer for a further period of six months.
The suspension, effective from 4.30 p.m. on January 5, 2025. Investigations into the company’s activities are continuing under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.
PTL has been under investigation since the disclosure of its alleged involvement in irregularities within the government securities market.