Written by Staff Writer
16 Mar, 2016 | 9:13 pm
Nishantha Ranatunga who was arrested and remanded on charges of alleged financial irregularities at CSN, was released on bail on Wednesday March 16.
The Kaduwela Magistrate’s Court ordered the release of Nishantha Ranatunga on a cash bail of Rs 100,000 and two personal bails of one million rupees each.
The Kaduwela Magistrate issued this order after considering a motion presented to courts.
Court ordered Nishantha Ranatunga to cooperate in the investigations. He was also ordered not to undertake any trips overseas, without informing courts.
The Colombo High Court which examined the bail application submitted on behalf of Nishantha Ranatunga on Wednesday morning, informed that bail could be granted by the Magistrate’s Court.
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