12:00 AM, August 11, 2014 / LAST MODIFIED: 01:53 AM, March 08, 2015

HC asks govt to explain why Destiny officials won't get bail

HC asks govt to explain why Destiny officials won't get bail

Star Business Report

The High Court yesterday issued a rule upon the government to explain in four weeks as to why two high officials of the Destiny Group should not be granted bail in two money laundering cases.

The two officials are Destiny Group Managing Director Rafiqul Amin and Destiny Multipurpose Cooperative Society Ltd (DMCSL) Chairman Mohammad Hossain, who are now in custody in connection with the cases involving around Tk 4,200 crore.

The HC came up with the rule after hearing two separate petitions filed by the accused seeking bail in the cases.

The Anti-Corruption Commission filed the two cases in July 2012 against 22 Destiny officials on the charge of laundering Tk 4,200 crore. 


The commission on May 4 this year pressed charges against the Destiny Group MD, Destiny 2000 President Lt Gen (retd) Harun-Ar-Rashid and 49 others in the cases.

They were charged for misappropriating funds through Destiny's tree plantation project and from DMCSL, according to charge sheets.


The HC in October 2012 granted bail to Harun in the two cases on condition that he will no longer be involved with the group, ACC lawyer Khurshid Alam Khan told The Daily Star.

Two appeals filed by the ACC against the HC order of bail to Harun are now pending with the Supreme Court, he said.

M Badiuzzaman argued for the Destiny officials.


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