<p>Colombo: A 97-year-old relative of former Sri Lankan president Mahinda Rajapaksa was on Wednesday granted bail by a Colombo court after being arrested on money laundering charges.</p><p>Daisy Forest Wickramasingha, the grand-aunt of Yoshitha Rajapaksa, the second son of Rajapaksa, was arrested under the Money Laundering Act.</p>.Rajapaksa rules out abolishing executive presidency.<p>She was produced before a Colombo suburban Magistrate’s court, which ordered her release on three sureties of Rs 5 million each.</p><p>Yoshitha has been accused of purchasing a property for which he has been unable to explain the source of funds.</p><p>The investigation revealed that Yoshitha had maintained bank deposits worth over 59 million rupees jointly with his grand-aunt Daisy Forest, police said.</p><p>Rajapaksas claim that the ongoing legal action against them is part of a witch-hunt initiated by the current government led by Anura Kumara Dissanayake.</p><p>Dissanayake's party has pledged to revive all stalled cases of high-scale corruption.</p><p>Yoshitha’s elder brother Namal Rajapaksa has also been indicted over the alleged misappropriation of funds from the Krish Hotel Project, an aborted Indian investment in Colombo.</p>
<p>Colombo: A 97-year-old relative of former Sri Lankan president Mahinda Rajapaksa was on Wednesday granted bail by a Colombo court after being arrested on money laundering charges.</p><p>Daisy Forest Wickramasingha, the grand-aunt of Yoshitha Rajapaksa, the second son of Rajapaksa, was arrested under the Money Laundering Act.</p>.Rajapaksa rules out abolishing executive presidency.<p>She was produced before a Colombo suburban Magistrate’s court, which ordered her release on three sureties of Rs 5 million each.</p><p>Yoshitha has been accused of purchasing a property for which he has been unable to explain the source of funds.</p><p>The investigation revealed that Yoshitha had maintained bank deposits worth over 59 million rupees jointly with his grand-aunt Daisy Forest, police said.</p><p>Rajapaksas claim that the ongoing legal action against them is part of a witch-hunt initiated by the current government led by Anura Kumara Dissanayake.</p><p>Dissanayake's party has pledged to revive all stalled cases of high-scale corruption.</p><p>Yoshitha’s elder brother Namal Rajapaksa has also been indicted over the alleged misappropriation of funds from the Krish Hotel Project, an aborted Indian investment in Colombo.</p>