Sri Lanka, Sept. 19 -- A businessman who was remanded for defrauding over Rs. 13 million was released on a Rs. 10 million personal bail by Mahara Additional Magistrate Bandara Ilangasinghe yesterday.

The Magistrate also ordered that the guarantor must be a permanent resident of the area for at least 20 years. The suspect, Abdul Razak Muhammadu Fahir, is a resident of Hassan Mawlana Lane, Kattankudy.

The arrest was made by the Peliyagoda Special Crimes Investigation Unit following a complaint by Sujeewa Janaka Kumara, a businessman from Iriyawetiya, Kelaniya, over the suspect's obtaining money and not providing the products as promised.

The Peliyagoda Special Crimes Investigation Unit's prosecution division informed the Court that the s...