HC stays Tk 40cr fine on Mamun

The High Court yesterday stayed fine of Tk 40 crore on Giasuddin Al Mamun in a money laundering case involving Tk 20.41 crore.
The HC, however, refused to grant bail to Mamun, a friend and business partner of BNP leader Tarique Rahman, in the case.
A Dhaka court on November 19 last year sentenced Mamun to seven years in prison and fined him Tk 40 crore and acquitted Tarique, the eldest son of BNP Chairperson Khaleda Zia, of its charges in the case.
The HC bench of Justice Naima Haider and Justice Zafar Ahmed came up with the order after hearing an appeal filed by Mamun in last December challenging his conviction and seeking bail on grounds that he has already suffered five years in jail.
It also ordered the office concerned of the HC to prepare paper books containing all facts and pleadings of the case in three months for hearing the appeals.
The ACC also filed an appeal in last December against the acquittal of Tarique in the case. z
ACC counsel Khurshid Alam Khan told The Daily Star that the HC may simultaneously hear both the appeals filed by ACC and Mamun after getting the paper books.       
Following the ACC's appeal, the HC on January 19 this year ordered Tarique to surrender before a trial court, but asked it to grant him bail after his surrender.
Tarique, who is now in London, is yet to surrender to the lower court.
In October 2009, the ACC filed the case against Tarique and Mamun for laundering
Tk 20.41 crore to Singapore between 2003 and 2007.