Sri Lankan Business Tycoon Lalith Kotalawala who was remanded by the Mount Lavinea Magistrate last friday on misusing of Rs.26 Billion worth Public Deposits re apply for Bail today through his Lawyers at the Colombo High Court.His Bail Application was taken to Notice by the Attorney General and Officer in Charge in Colombo Crimes Division of the Criminal Investigations Department(CID).
He is currently is in the Merchant Ward of the Colombo General Hospital on Poor Health Grounds.
Kotalawala was remanded till 11th of March for Misusing the Deposits of the Golden Key Credit Company in Colombo owned by him.He was previousley been released for Rs.25 Million Personal Bail and his Lawyers says due to his Imprisonment the Employers of the Ceylinco Group and Affliated Companies are Adversly affected.Lawyers are also noticed that His Health is also deteriorating.
Meanwhile the Depositors of the Golden Key Credit Company to day hold a protest campaign in front of the Company Building at Colombo Suburbs against not settling their Deposits.
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