Sri Lanka, June 18 -- Two former officials of the Ceylon Fisheries Harbours Corporation, including its former chairman, who were arrested and produced before court over allegations of causing a financial loss by leasing out a state-owned vessel at a low price, were released on bail by Colombo Additional Magistrate Lahiru Silva.

The suspects, former chairman Nilanga Rupasinghe and another suspect, Chathurika Sathsarani, were granted bail after being arrested and produced by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

The Magistrate ordered each suspect to be released on two surety bails of Rs. 5 million each and imposed a foreign travel ban.

During court proceedings, the commission informed court that th...