HC upholds order to confiscate Morshed Khan, son’s HK bank accounts

UNB

18th November, 2019 08:39:03 printer

HC upholds order to confiscate Morshed Khan, son’s HK bank accounts

 

The High Court on Monday upheld a subordinate court order that permitted the Anti-Corruption Commission (ACC) to confiscate the Standard Chartered bank accounts of former BNP vice-chairman M Morshed Khan and his son Faisal Morshed Khan in Hong Kong.

The bench of Justice Obaidul Hassan and Justice AKM Zahirul Hoque dismissed the appeal filed by Morshed and his son challenging the court order.

“So, the lower court order of confiscating the bank accounts remains valid,” said ACC lawyer Khurshid Alam Khan.

Barrister Ajmalul Hossain QC and Barrister Sheikh Fazle Noor Taposh stood for Morshed Khan and his son.

On September 19, the court of Dhaka Metropolitan Sessions Judge ordered confiscation of the Hong Kong bank accounts of Morshed and his son.

Morshed, a former foreign minister, is accused of laundering $3,95,62,000 and HK$ 1,36, 45,000 to the Standard Chartered bank in Hong Kong.

Although a case was filed in 2013 in this regard, the investigation could not be completed due to legal complications.

Last September, the Standard Chartered bank in Hong Kong notified that Tk 16 crore and almost 1.7 million shares of Morshed and his son cannot be kept frozen after October 15.


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