Thursday, 30 March, 2023

Money laundering case: HC rejects Destiny chairman’s bail plea

Money laundering case: HC rejects Destiny chairman’s bail plea

The High Court on Thursday rejected the bail petition of Destiny Multipurpose Co-Operative Society Ltd’s chairman, Mohammad Hossain, in a money laundering case.

The HC bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat passed the order.

The court also ordered the trial court to dispose of the case soon.

Lawyer M Sarwar Hossain appeared for the bail plea in the court. Deputy Attorney General AKM Amin Uddin Manik represented the state while Lawyer Khurshid Alam Khan the Anti-Corruption Commission (ACC).

On 31 July 2012, two separate cases were filed with the Kalabagan police station against Rafiqul and other officials of Destiny on the allegation of embezzling money of the investors in the name of Destiny Multipurpose Cooperative Society and Destiny Tree Plantation Limited and laundering it.

According to the case complaint, Destiny Group collected Tk 1,901 crore from the investors and embezzled Tk 1,861.45 crore of it. As a result, its eight lakh investors were swindled of their rightful return.

On May 12 last year, a Dhaka court sentenced all 46 accused, including Destiny Group MD Rafiqul Amin, his wife Farah Diba, and Destiny-2000 president Lt Gen Harun (retd), to different terms of imprisonment in a money laundering case and fined Tk 2,300 crore.

Mohammad Hossain was sentenced to 10 years in prison and fined Tk 1.5 lakh in the case.

On November 8 last year, the High Court suspended a Tk 1.5 lakh fine imposed on Hossain.