Jan 07, 2018

Central Bank blocks Aloysius’s 12 billion! Featured

It is reported that the Central Bank has impounded around Rs. 10 billion in Treasury Bonds and other investments of Perpetual Treasuries invested in the Central Bank.

 Further, the Central Bank has requested the Securities and Exchange Commission to impound a further Rs. Two billion invested by Perpetual Treasuries in the stock exchange regulated under the Securities and Exchange Commission, according to Central Bank sources.


Accordingly, around 12 billion of the total assets of Perpetual Treasuries will be withheld under impounding orders.


The Commission appointed to investigate the Treasury Bond scandal issued its report recently, which stated that the amount owed to the government due this scam is around Rs. 11.45 billion.