Former Central Bank Governor Ajith Nivard Cabraal was today released on bail by the Colombo Fort Magistrate's Court following the filing of a private plaint for alleged financial irregularities that occurred when he was acting as the Governor of the Central Bank in 2014.
The case was brought against Cabraal by the Venerable Thiniyawala Palitha Thero, who accused him of misappropriating state monies while acting as Governor of the Central Bank.
According to the accusation, Cabraal paid a sum of USD 6.5 million to an American national without the Cabinet's approval throughout his service as CB Governor from 2006 to 2015, and is thus accountable for criminal breach of trust and criminal abuse of funds.
Cabraal was released on personal bail of Rs. 10 million by the Court.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
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.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
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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