Arjun Aloysious Filed FR Petition in Supreme Court

The Central Bank Monetary Board has taken a decision to cancel the licence of Perpetual Treasuries because of its’ involvement with the Treasury bond scandal now inquired by the presidential commission.

Perpetual Treasuries (PVT) Ltd. has filed a Fundamental Rights Petition in the Supreme Court challenging the decision taken by the Monetary Board of the Central Bank stating that the decision was taken without a fair investigation. Further Perpetual Treasuries asked court to issue an interim order nullifying the decision of the Monetary Board. The petition cited the Central Bank Governor, Central bank Monetary Board and several
other parties as respondents.

This FR petition was taken up yesterday before the panel of judges including Chief Justice Priyasad Depp and the Supreme Court yesterday allocated November 15, to take up the Fundamental Rights Petition filed by Perpetual Treasuries (PVT) Ltd for inquiry. Perpetual Treasuries CEO Arjun Aloysious was reported to have been present in the Supreme Court yesterday.