Sri Lanka, Sept. 11 -- Former Director General of the Urban Development Authority (UDA) Sampath Sumedha Ratnayake and former Director (Lands) of the UDA Weerawansa Perera, who were arrested on corruption charges, have been released on bail Colombo Magistrate's Court.

Colombo Chief Magistrate Asanka S. Bodaragama issued this order after considering the facts presented by Bribery Commission officials and the legal representatives of the accused.

The duo had been arrested by officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) at around 9:30 a.m. this morning (11), over allegations of financial misappropriation of state funds.

According to investigations by the Bribery Commission, a 55.5-perch plot of UD...