The Colombo High Court has acquitted and released former Minister Udaya Gammanpila following a lengthy trial over allegations involving shares belonging to Australian businessman Brian Shaddick.

The case concerned allegations that shares valued at approximately Rs.21 million had been unlawfully used.

The High Court's decision is an acquittal in the criminal proceeding.

Do not frame the outcome merely as bail, a procedural dismissal or the withdrawal of charges.

Do not add an explanation of why the prosecution failed unless the judgment or reliable court reporting establishes the court's reasoning.