The Supreme Court granted leave to proceed for the Fundamental Rights petition filed by UPFA MP Udaya Gammanpila seeking an order against his arrest.
The case will be taken up on August 15.
However, the court said that it will not interfere with the legal proceedings currently taking place in the Magistrate's Court.
Gammanpila filed this petition on June 9, seeking an order to prevent him being arrested by the police Special Investigations Unit.
Through his petition, Gammanpila said that two complaints have been filed by an Australian named Brian Shaddick and his Power of Attorney Lasitha Perera with the SIU against him on false basis.
He added that this was done under influence by associates of Minister Patali Champika Ranawaka, who is a political rival.
Gammanpila also requests Rs 500 million as damages to his good name caused by the allegations.
Gammanpila was arrested on June 18 and was remanded by the Fort Magistrate's Court. He was released on bail on July 1.