Former ETI directors released on bail

The four former directors of Edirisinghe Trust Investments (ETI) Finance Limited, who were arrested last week, were released on bail by the Colombo Chief Magistrate’s Court today.

Accordingly, Nalaka Edirisinghe, Jeewaka Edirisinghe, Anjalee Edirisinghe and Asanka Edirisinghe were released on a cash bail of Rs. 1 million each and two sureties of Rs. 5 million each.

They were arrested by the Criminal Investigation Department (CID) officials on charges of criminal misappropriation, money laundering and several other offences on January 8.