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Perpetual freeze further extended

The decision to frozen the operations of bank accounts of 24 companies in the Perpetual Treasuries has been extended for another 30 days.

Following the request made by the Criminal Investigations Department (CID), the High Court ordered to extend freezing of bank accounts under Perpetual Treasuries, a directive by the Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) to stop the companies carrying out transactions in any using their bank accounts to prevent money laundering.

The Central Bank had ordered banks to freeze the accounts of firms related to Arjuna Aloysius, who, a commission of inquiry found to have engaged in insider deals in the bond market.