Former deputy minister Sarath Kumara Gunaratne was released on bail by Colombo Chief Magistrate Lal Ranasinghe Bandara today.
He was released on a cash bail of Rs. 25,000 with two sureties of Rs. one million each.
He was arrested by the CID on charges of misappropriating Rs.12 million belonging to the Negombo Fisheries Harbour Corporation.
Meanwhile, Mr. Gunaratne's cousin, Upul Chandana Kumarasinghe, who was also a suspect of the same case, surrendered to the court this morning and was remanded till February 3. (Shehan Chamika Silva)