Colombo, Aug. 26 -- Former Sri Lankan President Ranil Wickremesinghe on Tuesday was granted bail after being named a suspect in an ongoing investigation into the alleged misuse of public funds for a private overseas trip involving ten individuals, Daily Mirror Online reported.

According to the Sri Lankan-based newspaper, Daily Mirror, Colombo Fort Magistrate Nilupuli Lankapura released him on three sureties of LKR 5 million each, with the next court hearing scheduled for October 29.

He was arrested on the alleged charges of misuse of government funds amounting to LKR 16.6 million.

Earlier on Friday, Ranil Wickremesinghe was arrested on allegations of state funds' misuse, as reported by Newswire Lanka.

As per Newswire, his arrest is li...