Ceylinco Chief released on conditional bail

Ceylinco Group Chairman Lalith Kotalawala who was in remand since late February was released on conditional bail by the Supreme Court a short while ago.

His lawyers deposited a cash bail of Rs. 5 million yesterday and five tax payers signed the certified bail of Rs.100 million today.

However, the Ceylinco Chief's passport has been impounded prohibiting him from leaving the country and he is required to inform the SC in case of leaving the Western Province as well.