Former STC Chairman granted bail

October 31, 2025 04:33 pm

The Colombo Magistrate’s Court has ordered the release on bail of the former Chairman of the Sri Lanka State Trading (General) Corporation (STC), Hussain Ahamed Bhaila, who was arrested by the Bribery Commission on corruption charges.

Colombo Chief Magistrate Asanga S. Bodaragama issued the order after considering the facts presented by the Bribery Commission officials and the suspect’s legal counsel, said Ada Derana reporter.

He has been arrested over allegations of importing 50 temporary storage units (Cocoon) to the Corporation in 2015 without necessity, and in violation of the prescribed procurement procedures, thereby causing a loss of Rs. 99,679,799.70 to the corporation and an equivalent gain to external parties.

Former STC Chairman arrested by Bribery Commission
Oct 31st, 2025

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

NOTE:- Due to legal contstraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.