July 15, Colombo (LNW): Former SriLankan Airlines chairman Nishantha Wickramasinghe has been granted bail by the Colombo Magistrate’s Court following his arrest and detention by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on graft allegations.
Chief Magistrate Thanuja Lakmali reviewed submissions from both CIABOC officials and the defence before making the decision. Wickramasinghe was released upon posting a cash bail of Rs. 50,000, and providing three sureties of Rs. 5 million each.
In addition to the bail terms, the court placed a restriction on his international travel pending the outcome of the investigation.
Authorities have indicated that further legal proceedings will follow, as the ongoing inquiry examines the allegations involving the former chairman’s tenure at the national carrier.
