Copy of report from Commission of Inquiry on Bond issue handed over to CBSL Governor
A copy of the report of the Commission of Inquiry to Investigate, Inquire and Report on the Issuance of Treasury Bonds has been handed over to the Governor of the Central Bank of Sri Lanka.
According to the Central Bank, it has already implemented some of the recommendations therein, while measures have already been initiated to implement most of the other recommendations.
A release by the Central Bank notes that it has frozen the assets of PTL held with CBSL and has informed the Securities and Exchange Commission to take appropriate action with regard to assets of PTL coming under its purview.
CBSL says, based on continuing investigations, Perpetual Treasuries Limited are prevented from the disposal of assets, distribution of profits and making payments, without the prior approva...