Overview
- Dammika Ranatunga was produced before the Colombo Magistrate Court and released on bail on Monday.
- Investigators say the alleged wrongdoing stems from CPC crude oil procurement decisions taken in 2017 when he chaired the corporation.
- CIABOC told the court that former petroleum minister Arjuna Ranatunga is the second accused and is currently overseas.
- The magistrate imposed a travel ban on Dammika Ranatunga, with the next hearing scheduled for 13 March.
- The commission said Arjuna Ranatunga will be arrested upon his return as the investigation and court process continue.