People's Bank Manager granted bail

Sarath MALALASEKERA

Colombo Fort Magistrate and Additional District Judge Gihan Pilapitiya on Wednesday granted bail to a suspect who is a People's Bank Manager, who was produced by the CID in connection with transferring Government funds to another account of the same bank.

The CID investigations had revealed that the suspect had not withdrawn any money from those accounts. Granting bail the Judge directed the suspect to furnish cash bail in a sum of Rs.25,000 and a bond of Rs.40 million with two sureties.

Senior Attorney Anil Silva who appeared for the People's Bank submitted that the draft deposited at the bank had been stolen from Canada and produced at the People's Bank in Sri Lanka.

Several other suspects who are alleged to have been involved in the same transaction were produced by the CID, and were later granted bail.

The Judge remanded the suspect who is alleged to have produced the stolen Bank draft at the Bank, till July 8.

Sarath Siriwardena, Deemani Baddewela, Shanaka Ranasinghe and Kingsley Hettiarachchi appeared for the suspects. The case will be called again on July 8.