COLOMBO, June 17 -- The Colombo Magistrate's Court on Wednesday (17) granted bail to Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, following his arrest by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over an ongoing corruption investigation linked to his naval career.

Additional Magistrate Lahiru Silva ordered Rajapaksa's release on three sureties of Rs 5 million each and imposed a foreign travel ban pending further proceedings.

The order was issued after the court considered submissions made by CIABOC investigators and defence counsel.

Rajapaksa, 38, had appeared before CIABOC earlier in the day in response to a notice issued in connection with an investigation into his recruitment to th...