Prasanna Ranatunga Released on Bail

by Staff Writer 12-11-2025 | 2:46 PM

COLOMBO (News 1st); Former Minister Prasanna Ranatunga, who was arrested earlier today (12) by the Commission to Investigate Allegations of Bribery or Corruption, has been released on bail following an order by the Colombo Magistrate’s Court.

Former Minister Prasanna Ranatunga was arrested by officials of the Commission to Investigate Allegations of Bribery or Corruption, following an inquiry into a major financial irregularity during his tenure as Minister of Tourism.

The investigation centers on allegations that Ranatunga unlawfully appointed a private brokerage firm to handle direct medical insurance for employees of four institutions under the Tourism Ministry in 2021.

This decision reportedly caused a loss of Rs 4,750,828.72 to the Sri Lanka Insurance Corporation.

The institutions involved include:

Sri Lanka Tourism Development Authority

Sri Lanka Tourism Promotion Bureau

Sri Lanka Institute of Hotel Management

Sri Lanka Conventions Bureau

Ranatunga was taken into custody after appearing before the Commission to provide a statement.