Former Minister Arjuna Ranatunga and former Chairman of the Ceylon Petroleum Corporation (CPC) Dhammika Ranatunga were indicted before the Colombo High Court today (23) on corruption charges.

The court subsequently ordered their release on two personal bails of Rs. 5 million each. The case has been scheduled for a pre‑trial conference on May 15.

According to the indictments, during a six‑month period in 2017–2018, three long‑term tenders arranged by the CPC to procure the country’s fuel requirements were cancelled. 

In their place, 27 short‑term tenders at higher prices were implemented, allegedly causing losses of nearly Rs. 800 million to the CPC.

Both accused have been charged with aiding and abetting in the process. (Newswire)

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Former Chairman of the Ceylon Petroleum Corporation (CPC) Dhammika Ranatunga, who was arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) earlier today, has been granted bail by the Colombo Magistrate’s Court.

Ranatunga was arrested in connection with alleged irregularities in fuel procurement during the 2017/2018 period, which are said to have caused a financial loss of around Rs. 800 million to the State.

The case was taken up before the Colombo Magistrate’s Court today, where the court ordered that Ranatunga be released on bail. Investigations into the matter are continuing. (Newswire)

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Former Chairman of the Ceylon Petroleum Corporation (CPC) Dhammika Ranatunga has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over allegations of causing a financial loss of around Rs. 800 million to the State.

The Bribery Commission said the arrest is linked to fuel procurement carried out during the 2017/2018 period, during Ranatunga’s tenure as CPC Chairman.

Investigations have found that the alleged loss was incurred due to irregularities in fuel purchasing procedures, according to CIABOC.

Further investigations are ongoing, and the suspect is expected to be produced before the court. (Newswire)

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