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Colombo Court Grants Bail to Yoshitha Rajapaksa in Property Fraud Case

Yoshitha Rajapaksa granted bail on two surety bonds after arrest over alleged illegal property purchase in Ratmalana. [Image via News First]

The Colombo Magistrates Court ordered the release of Yoshitha Rajapaksa on bail today (27).

Yoshitha Rajapaksa was granted bail on two surety bonds of Rs 50 million each.

The suspect, Yoshitha Rajapaksa, was presented before the Colombo Magistrate’s Court this morning.

He was arrested on Saturday (25) in the Beliatta area.

Also See: Poor Disclosure of Foreign-Financed Projects in Sri Lanka

Following his arrest, he was presented before Additional Magistrate Pavithra Sanjeewani at the Hultsdorf No. 5 Magistrate’s Court that afternoon, and was subsequently remanded until today.

According to Police Spokesperson Senior SSP Buddhika Manatunga, Rajapaksa was arrested in connection with an investigation into the purchase of a property and house in the Ratmalana area for Rs 34 million, allegedly acquired through illegal means.

The arrest was made based on sufficient evidence under the Prevention of Money Laundering Act No. 5 of 2006, following the advice of the Attorney General.

This news is sourced from News First and is intended for informational purposes only.

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