Sri Lanka, Oct. 28 -- Former Chairman of the National Youth Services Council (NYSC), Lalith Piyum Perera, has been granted bail by the Colombo Chief Magistrate's Court.

He was arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over financial malpractice allegations.

The order was issued by Colombo Chief Magistrate Asanga S. Bodaragama after considering submissions made by officers of the CIABOC and the suspect's lawyers, Ada Derana reporter said.

Accordingly, the court had ordered the suspect's release on two personal sureties of Rs. 1 million each.

The court also ordered that the suspect's overseas travel be restricted.

He is accused of preparing sublease agreements by misrepresenting a land and...