Central Bank still holds Rs12bn of PTL to recover any loss: PM


Jan 10, 2018 (LBO) – Sri Lanka’s Prime Minister told Parliament Wednesday that the Central Bank has 12 billion rupees of Perpetual Treasuries Limited in order to recover any loss from the controversial bond issue.

As revealed during the investigations, Perpetual Treasuries Limited has made a profit of 11.14 billion rupees in the secondary market while EPF and other government institutions losing more than 8.5 billion rupees.

On 07th November 2016, the Monetary Board of the Central Bank issued a directive to Perpetual Treasuries, limiting its operations and fund withdrawals.

Premier Ranil Wickremesinghe said the report of the bond commission has forwarded to the Attorney General for further action.

“What’s now left is to recover any loss to the government through conducting a trial and reporting facts to the court by Attorney General,” Wickremesinghe said.

“Through that way the government will be able to recover any loss.”

Having been requested by the Prime Minister, the Speaker under standing orders summoned the Parliament to meet on Wednesday.