Bail Granted to Chanuka Ratwatte & 4 Others

 Anurudda Ratwatte’s son, Chanuka and four others, arrested by the FCID on charges of misusing Rs.4.2 billion in government funds, were today released on bail by Colombo Fort Magistrate Lanka Jayaratne.

He was released on a cash bail of Rs.300,000 with three sureties of Rs.2 million of each.

The FCID previously informed Court that the suspects had misused funds belonging to the Central Bank and the CEB Employees’ Provident Fund by investing them in Government Securities through Entrust Securities PLC, a company headed by the suspects.