header logo
Asia asset finance
Latest
Former SriLankan CEO Kapila Chandrasena further remanded after bail refusal
Apr 17, 202612:42 PM
Former SriLankan CEO Kapila Chandrasena further remanded after bail refusal

The Colombo Magistrate’s Court today ordered the refusal of the bail application of former SriLankan Airlines Chief Executive Officer Kapila Chandrasena, who is currently in remand custody in connection with an incident involving the alleged acceptance of bribes during the purchase of Airbus aircraft for the airline.

 

Colombo Chief Magistrate Asanga S. Bodaragama issued the order after considering the facts presented by officials of the Bribery Commission and the attorneys representing the suspect, said Ada Derana reporter.

 

Accordingly, the Magistrate ordered that the suspect be further remanded in custody until April 28.

 

The former Chief Executive Officer of SriLankan Airlines, Kapila Chandrasena was arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on March 12, 2026 for allegedly accepting a bribe of USD 2 million related to the Airbus aircraft deal.

 

Chandrasena, who was CEO of SriLankan Airlines during a 2013 deal to purchase 10 aircraft worth US$2.3 billion, is accused of conspiring to accept a bribe of US$16 million and receiving €1.45 million into a bank account in Singapore.

 

Prosecutors say Chandrasena created a shell company in Brunei in his wife’s name and arranged for the kickback to be paid into its Singapore account.

 

 

 

MostRead
Mobitel 5g
VideoStories
“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Lassana Flora