Sri Lanka, May 15 -- The Colombo Magistrate's Court has ordered the release on bail of former Chairman of the Sri Lanka Land Reclamation & Development Corporation (SLLRDC), Harshan de Silva, who was arrested by the Bribery Commission.

He was arrested for allegedly causing a loss of Rs. 27.6 million to the government by spending funds allocated for the Colombo flood control project in 2014 on festive activities without following the procurement process.

The suspect, who was arrested by officers of the Bribery Commission, was produced before Colombo Chief Magistrate Thanuja Lakmali this afternoon (15).

Accordingly, the Chief Magistrate ordered the suspect to be released on five surety bonds of Rs. 1 million each and also imposed a foreig...