The Joint Opposition has called on the government to take steps to seal the highly controversial Perpetual Treasuries Limited, after it recorded an unlawful profit of over Rs. 5 billion this year.
The call comes amidst an assurance by the Government that investigations are ongoing as to how the company, with links to Arjun Aloysius, the son in law of ex-Governor of Central Bank Arjuna Mahendran recorded such an exorbitant profit.
Joint Opposition leader MP Dinesh Gunawardena has said that the excessive profit can be charged under the Prevention of the Money Laundering Act. “The manner in which they earned such a massive profit is very suspicious, and therefore the government must take steps to immediately seal this company,” Gunawardena said.
Perpetual Treasuries Limited, recorded a profit of Rs. 5.1 billion for the year ending March 2016, which was an increase of 430% in profits in comparison to the previous year.