The Colombo Magistrate’s Court today (05) ordered the release on bail of former SriLankan Airlines Chief Executive Officer Kapila Chandrasena, who had been in remand custody over allegations of accepting a US$2 million bribe during the purchase of Airbus aircraft.

Colombo Chief Magistrate Asanga S. Bodaragama delivered the order, directing that Chandrasena be released on cash bail of Rs. 500,000 and three sureties of Rs. 10 million each. The Magistrate also imposed a travel ban on the suspect.

The bail application was submitted at the previous hearing on April 28 by President’s Counsel Rienzie Arsecularatne, appearing on behalf of Chandrasena. Officials representing the Bribery Commission opposed the request.

After considering submissions from both sides, the Magistrate announced the bail order this morning. (Newswire)

The post Airbus deal : Former SriLankan CEO Kapila Chandrasena granted bail appeared first on Newswire.