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Sri Lanka Central Bank unable to take decision on Perpetual Treasuries profits, says Governor

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The report of the internal investigation carried out by the Central Bank of Sri Lanka (CBSL) into the controversial bond issue has been handed over to the Monitory Board during its meeting held on 31 October, said CBSL Governor Dr. Indrajit Coomaraswamy.

While speaking further at a media briefing, Dr. Coomaraswamy said that another meeting regarding the report on Perpetual Treasuries Limited would be held on Friday (04 October).

The Governor added that the report prepared by the Committee on Public Enterprises (COPE) on this incident is a Parliamentary procedure and that any decisions on this should only be taken by Parliament or the government.

Meanwhile, while responding to a question raised by Ada Derana whether Perpetual Treasuries Limited has been prevented or any limits introduced from paying this over Rs. 05 billion nett profit earned as dividend among its shareholders, the Governor said, “Whatever the profit you earn, in whatever way you use it, I do not think the Central bank is capable of laying any limitations over them. If the profits thus earned are through illegal means, then the Central Bank has the ability to take certain action against it for the violation of the particular regulations.

Below is the video of the Central Bank Governor’s views:


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