HC denies bail to Ehsan Group chairman
The High Court yesterday refused to grant bail to Ehsan Group Chairman Ragib Ahsan in three money embezzlement cases.
According to media reports, Ragib and his three brothers allegedly embezzled Tk 17,000 crore from people through a so-called multi-level marketing (MLM) business.
Promising their clients of hefty returns, Ragib lured them into investing in different investment schemes.
He allegedly used mosque imams and madrasa teachers in this regard.
Yesterday, a vacation bench of the HC comprising Justice Md Rezaul Hasan and Justice Md Atabullah also cancelled three bail petitions of Ragib from its hearing list.
The HC bench passed the order saying that there is no urgency for hearing the petitions as this is a vacation bench, Ragib's lawyer Md Ruhul Quddus Kazal told The Daily Star.
Deputy Attorney General Imran Ahmed Bhuiyan said Ragib Ahsan cannot get released from jail following the HC order.
Three cases were filed with Pirojpur Police Station against Ragib last year on charges of committing frauds with people and embezzling their money.
Rab on September 10 last year arrested Ragib and his brother Abul Bashar Khan, a director of the company, in Dhaka.
The same day, police in Pirojpur arrested Ragib's two brothers.
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