Cabraal granted bail

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Colombo Fort Magistrate Thilina Gamage yesterday (7) granted bail to former CBSL Governor Ajith Nivard Cabraal, who was charged with criminal misappropriation of a sum of USD 65 million in State funds, while serving as the Governor of the CBSL.

Cabraal was released on a personal bail in Rs 10 million and the Magistrate ordered the prosecution, to re-file the case against him.

Cabraal was present at Court, after being noticed to do so on 25 May, in connection with the case.

Ven. Thiniyawela Palitha Thera, the Chief Incumbent of the Nalandarama Temple, Nugegoda, had filed a personal complaint alleging that Cabraal, while holding the position of CBSL Governor eight years ago, had paid the aforesaid amount to Ahmed Sabry of the CIA, on the pretext of improving Sri Lanka’s image overseas.

By Hansi Nanayakkara