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* Court grants permission to probe bank accounts of five companies under Perpetual Treasuries
Thu, Aug 9, 2018, 10:44 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 09, Colombo: Colombo Fort Magistrate Lanka Jayaratne today ordered 13 state and private banking institutions to provide information on the accounts of five companies under the Perpetual Treasuries Limited (PTL) to the Central Bank of Sri Lanka (Central Bank).

The court ordered to hand over the bank account information of the Perpetual Treasuries, W. M. Mendis, Perpetual Asset Management Services, Perpetual Capital (Pvt) Limited and Perpetual Holdings (Pvt) Limited to the Central Bank before the 24th of this month.

The counsels representing the Perpetual Treasuries today informed the court that the Central Bank has frozen about Rs. 1 billion of income the PTL earned before the Bond Scam and requested the court to order the release of the assets to the company.

Colombo Fort magistrate Lanka Jayaratne ordered the Attorney General to produce relevant written submissions on the 23rd of this month.

Meanwhile, the Colombo Fort Magistrate Court further remanded former PTL director Arjun Aloysius and CEO Kasun Palisena, who are in remand custody over the bond scam charges, until August 23.

 

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