Central Bank extends suspension of Perpetual Treasuries for 6 months

Jan 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited from carrying on the business and activities of a primary dealer for a period of six months. The Central Bank said this extension will be effective from today, in order to continue the investigations being conducted by them. Meanwhile, during a discussion held today, the Prime Minister has instructed the CB Governor to start implementing bond commission recommendations once the full report is available. Central Bank Governor has informed PM that they are in the process of choosing local or foreign firm to hold a forensic audit as recommended by the commission. Discussions were also focused on the safety of all documents related to Central Bank as bond commission has recommended an investigation into malpractices in 2008 to 2015.