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Lalith Kothalawala released on Rs. 25 million bail; travelling abroad suspended
Kavan Perera remanded
(Lanka-e-News, January 07, 2008, 9.40 AM) The director board of the Golden Key Credit Company appeared in Mount Lavinia court yesterday in the case against them over a fraud of Rs. 26 billion.

Mount Lavinia Magistrate Harsha Sirithunga released first accused Deshamanya Lalith Kothalawala on Rs. 25 million bail and remanded Golden Key CEO Kavan Perera until January 16.

Eleven others were also ordered bail of Rs. 25 million each and two more persons were remanded.
Those who were bailed out were banned foreign travels. They were ordered to be reported to the Commissioner of Immigration and Emigration. They have to seek permission of the court to travel abroad.

According to reports filed in the court, Mrs. Sisiliya Kothalawala has already left the country. The court rejected the appeal of the counsels of Lalith Kothalawala seeking permission for him to travel abroad since he was the Chairman of six more financial companies and he is also an ambassador in Singapore. The Magistrate said that all are equal before law.
Former Attorney General C.R. de Silva and a panel of lawyers appeared for Lalith Kothalawala. The Deputy Solicitor General appeared for the Criminal Investigation Department that was conducting the investigation.
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