Cash bail Rs. 5 m deposited for Kotelawela

Wasantha RAMANAYAKE

A cash bail in a sum of rupees five million was deposited with the Supreme Court registry yesterday on behalf of Ceylinco Group Chairman Lalith Kotelawela, a Court official said.

The official said that the five senior executives of the Ceylinco Cisco Security Company also signed the personal bail as sureties.

The certified bail of Rs. 100 million will be signed by the five tax payers tomorrow and the committal releasing Kotelawala could be singed thereafter, the official added.

The Supreme Court earlier on Friday granted conditional bail to the Ceylinco Chairman who was in the remand custody in respect of misappropriation of Rs. 26 billion from the Golden Key Credit Card company.

According to the Court order, Kotelawala was ordered not to travel out of the Western Province without prior approval of the court.

The court also directed the two respondents to appear before the Director CID every week and also ordered to get the prior permission of the court to go out of the Western Province.

Kotelawala was also ordered to file an affidavit within two weeks outlining his assets here and abroad.

Kotelawala was further ordered to transfer the assets of the Golden Key Company to the Dedicated Fund.

The court cautioned that violation of any of the bail conditions would result in re-remanding the respondent.