Former Minister Ravi Karunanayake and seven others, who had been arrested and remanded over the third alleged bond scam amounting to Rs. 15 billion on March 31, 2016 were today ordered to be released on bail by the Colombo High Court Trial-at-Bar.
Accordingly, the accused were released on Rs. 1 million cash bail each and two surety bail of Rs. 10 million each.
Having delivered the bail order, the High Court Trial-at-Bar also imposed a travel ban on all eight accused.
The bail was allowed by Colombo High Court Trial-at-Bar comprising of Judges Amal Ranaraja, Namal Ballala and Adithya Patabendige.