Bank accounts of 28 PTL companies frozen By Namini Wijedasa Central Bank's Financial Intelligence Unit takes urgent steps to prevent money laundering View(s): View(s):The operations of bank accounts of all 28 companies within the Perpetual Group– associated with Arjun Aloysius, a key suspect in the controversial Central Bank bond scams—have been frozen with immediate effect by the Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL), authoritative sources told the Sunday Times. The suspension means that none of the 28 companies within the group can carry out financial business of any sort through their bank accounts. Among the companies in the group are Perpetual Treasuries (Pvt) Ltd, Perpetual Asset Management (Pvt) Ltd, Perpetual Capital Holdings (Pvt) Ltd, W M Mendis & Co Ltd and Integrated Media Networks (Pvt) Ltd. The FIU implements anti-money laundering regulations and administers the provisions of the Financial Transactions Reporting Act. The FIU order suspended all debit transactions–withdrawals or transferring out of monies–of all accounts of the entire Perpetual Group.

Source: Sunday Times January 27, 2018 19:30 UTC