Court order freezing 24 accounts of Perpetual Treasuries extended

Court order freezing 24 accounts of Perpetual Treasuries extended

The Colombo High Court has issued an order extending the freezing of bank accounts of 24 companies registered under Perpetual Treasuries Limited for another 30 days.

The company is associated with Arjun Aloysius, son-in-law of ex-Central Bank Governor Arjuna Mahendran and a key suspect in the controversial Central Bank bond scams investigated and found accountable by a presidential commission.

The suspension means that none of the 28 companies within the group can carry out financial business of any sort through their bank accounts.

On January 5, the Monetary Board of the Central Bank decided to extend the suspension of Perpetual Treasuries Limited (PTL) to function as a Primary Dealer for further six months.

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