Tk 159cr money laundering case: HC upholds bail order for Rashedul Haque Chisty

The High Court today upheld a lower court order that granted bail to Rashedul Haque Chisty, son of former chairman of Farmers Bank audit committee Mahbubul Haque Chisty, in a Tk 159 crore money laundering case.

The HC rejected a revision petition filed by the Anti-Corruption Commission challenging the lower court order of bail.

The bench of Justice Md Nazrul Islam Talukder and Justice Mohi Uddin Shamim came up with the verdict after holding final hearing on the revision petition.

Rashedul's lawyer Shaharia Biplob told The Daily Star that the HC rejected the ACC's revision petition on the ground that the petition is not acceptable.

The ACC is supposed to move an appeal before the HC against the lower court order in a money laundering case under the Money Laundering Prevention Act, 2012, but the ACC has moved the revision petition against the lower court order of bail for Rashedul, he added.

The lawyer said Rashedul, accused in total nine cases, cannot get released from the jail following the HC verdict as he will have to secure bail in one more case.

Senior lawyer AF Hasan Ariff appeared for Rashedul while lawyer Khurshid Alam Khan argued for the ACC and Additional Attorney General SM Munir and Deputy Attorney General AKM Amin Uddin Manik represented the state.

The ACC filed the case with Gulshan Police Station in April, 2018 against Rashedul, his father Mahbubul Haque Chisty and some others on charges of laundering Tk 159 crore.

A Dhaka on May 19, 2020 granted bail to Rashedul Haque Chishty in the case.

Then the ACC filed the revision petition with the HC challenging the lower court order of bail.