Former Finance Minister Ravi Karunanayake and six other accused who were in remand custody over the alleged 2016 Bond scam were granted bail by the Colombo High Court Trial-at-Bar today.
Bail was granted regarding the third alleged bond scam amounting to Rs 15 billion, which allegedly took place during the bond auction held on March 31, 2016.
Accordingly, the accused were released on Rs 1 million cash bail each and two sureties of Rs 10 million each.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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