Aug 16, 2017

Another company that dealt with Arjun suspended Featured

The licence of Pan Asia Banking Corporation, which operated as a primary buyer, has been suspended for six months by the Central Bank yesterday (15).

The Central bank had taken this decision based on the investigations pertaining to the Treasury Bond issue and the banks connections with Perpetual Treasuries.

The Central Bank had earlier suspended the permit issued to Perpetual Treasuries for their operations as Primary Buyers.

However, the Central Bank noted that this does not jeopardise Pan Asia Bank’s normal operations.