The Court of Appeal today granted bail for Sicille Kotalawela, who was in remand over the Golden Key case. The bail was issued under strict condtions of a cash bail amount Rs 100,000 and two personal sureties of Rs 1,000,000. The Appeal court also directed Mrs Kotalawela to hand over her passport to the courts.
Though Mrs. Kotelawala is granted bail over Golden Key case, she is still in remand custody over the F&G case. She is the sixth accused of the Golden Key case.
In 2009, Sicille, her husband, former chairman of Ceylinco Group Lalith Kotelawala, and eight other directors were charged of misappropriating nearly Rs. 26 billion deposited in Golden Key Credit Card Company. She was arrested last month when she returned to the country after fleeing to England soon after the company collapsed in 2008.
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