Colombo Chief Magistrate - Mohommad Mihar released on a cash bail of Rs. 25,00 and two sureties amounting to Rs. 500,000 each.
He is also to report to the CID on every Sunday.
The magistrate also warned the suspect not to intervene in investigations or face cancellation of bail.
The case is to be taken up again on Oct. 29.
Mr. de Alwis was arrested on Aug. 31 over several news items published on the website.