Former Minister Johnston Fernando who was in remand custody was released yesterday on bail by the Kurunegala High Court.
He was released on a cash bail of Rs. 25,000 and a surety bail of Rs. 2.5 million. The Attorney General had not raised objections to the bail appeal which was taken up for consideration yesterday.
The Financial Crimes Investigation Division (FCID) arrested the former Minister of Co-operatives and Internal Trade on 5 May after he arrived at the FCID to give a statement on alleged financial misappropriations amounting to Rs. 5,275,000 at Lanka Sathosa Ltd., which took place during his tenure as the Minister.