Order on Destiny's writ on Apr 17
The High Court yesterday fixed April 17 for passing order on a writ petition filed by Destiny Multipurpose Cooperative Society Ltd challenging the Bangladesh Bank report that raised allegations against the company of doing illegal banking.
The HC bench of Justice Farid Ahmed and Justice Sheikh Hassan Arif set the date after concluding hearing on the petition yesterday afternoon.
Md Rafiqul Amin, chairman of the cooperative and of Destiny Group, filed the writ petition on April 8 seeking a stay order from the HC on the central bank report and also a rule upon the government and the BB to explain the legality of the report.
The BB report, revealed last month, said the cooperative had seen an astronomic rise in its capital, shareholders, profit and investment since 2009.
Following the report, which was sent to the finance ministry last month, various newspapers ran reports on numerous irregularities of the company.
Advocate AF Hassan Ariff appeared for the petitioner, while Attorney General Mahbubey Alam represented the government.