February 18, Colombo (LNW): Sri Lanka Podujana Peramuna (SLPP) Parliamentarian, Namal Rajapaksa, was granted bail today by the Colombo High Court following the formal presentation of indictments in the highly debated Krrish deal case.
Judge Manjula Tillekaratne, presiding over the case, set the terms for Rajapaksa’s release, which include a cash bail of Rs. 100,000, along with two sureties of Rs. 10 million each.
In addition, the court directed that Rajapaksa’s fingerprints be taken to verify whether he has any prior criminal history.
The Attorney General had filed criminal charges against Rajapaksa in connection with the alleged embezzlement of Rs. 70 million, which had been allocated by the Indian-based Krrish Lanka Pvt. Ltd. for the development of rugby in Sri Lanka.
These funds were reportedly misappropriated in relation to a deal with the controversial real estate company, Krrish, further intensifying the scrutiny surrounding the transaction.
The court also scheduled a pre-trial conference for March 27, marking the next step in the legal proceedings.
The case has attracted considerable attention, given the involvement of prominent political figures and the significant sums of money allegedly mishandled.
