Money Laundering Case: SC stays bail of ex-NSU trustee

The Appellate Division of the Supreme Court yesterday stayed till November 21 a part of the High Court verdict that granted conditional bail to former member of North South University's (NSU) trustee board MA Kashem in a Tk 304-crore money laundering case.

Chamber judge of the Appellate Division Justice M Enayetur Rahim, however, upheld another part of the HC verdict that granted conditional bail to another former member -- Rehana Rahman -- in the same case.

The apex court chamber judge passed the orders following two separate petitions filed by the Anti-Corruption Commission, seeking stay on the HC verdict.

Justice Enayetur asked the ACC to file a leave to appeal petition with the SC by November 21 against the HC verdict that granted bail to Kashem.

The judge passed "no order" on the ACC's petition that sought a stay on Rehana's bail.

Kashem cannot get released from jail before November 21, following the SC chamber judge's order, but there is no legal bar to Rehana's release from jail, their lawyer Sayeed Ahmed Raza told The Daily Star.

Lawyers Murad Reza and Shah Monjurul Hoque also appeared for Kashem and Rehana during yesterday's hearing.

On November 10, the HC granted conditional bail to Kashem and Rehana.