Srilanka, Nov. 10 -- The Colombo Chief Magistrate's Court has ordered the release on bail of former Chairman of the National Water Supply and Drainage Board (NWSDB), Nishantha Ranatunga.

He was produced before court following his arrest by the Bribery Commission over allegations of financial misappropriation during his tenure as the Chairman of the National Water Supply and Drainage Board.

Colombo Chief Magistrate Asanga S. Bodaragama issued the order after considering submissions made by officers of the Bribery Commission and lawyers representing the suspect.

Accordingly, the Magistrate ordered his release on two personal bails of Rs. 1 million each and imposed an overseas travel ban, prohibiting him from leaving the country.

The Ma...