Sri Lanka, Dec. 15 -- The Former Chairman of the Ceylon Petroleum Corporation (CEYPETCO), Dammika Ranatunga, who was arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) earlier today (15) has been granted bail.

The order was issued by Colombo Chief Magistrate Asanga S. Bodaragama after considering submissions made by the officials of the Bribery Commission and the counsels representing lawyers Dammika Ranatunga, Ada Derana reporter said.

Accordingly, the Magistrate ordered Dammika Ranatunga be released on two surety bails of Rs. 1 million each.

He has also been advised to refrain from influencing witnesses.

Meanwhile, the Magistrate barred the suspect from traveling abroad and ruled that, since he h...