Sri Lanka, May 5 -- Former SriLankan Airlines' Chief Executive Officer (CEO) Kapila Chandrasena, who was arrested in connection with an incident involving the alleged acceptance of bribes during the purchase of Airbus aircraft for the airline, has been granted bail by the Colombo Magistrate's Court.

He had been remanded in custody over an incident involving the alleged acceptance of a US$ 2 million bribe during the procurement of Airbus aircraft for the national carrier.

The order was delivered by Colombo Chief Magistrate Asanga S. Bodharagama, said Ada Derana reporter.

Accordingly, the Magistrate ordered the suspect's release on cash bail of Rs. 500,000 and three surety bails of Rs. 10 million each.

The Magistrate also imposed an ove...