DHAKA: Supreme Court (SC) Appellate Division has stayed till August 11 a High Court (HC) order that granted bail to Destiny Group managing director Rafiqul Amin and chairman Mohammad Hossain in two money-laundering cases.

An SC bench led by Chief Justice SK Sinha passed the order after hearing a plea of Anti-Corruption Commission on Sunday (July 31, 2016).

HC on July 20, granted a six-month interim bail to the high officials of Destiny Group in laundering cases involving around Tk 4,200 crore clearing their way to walk out of jail.

On July 31, 2012, the ACC filed two money-laundering cases against Destiny-2000 chairman M Hossain and group managing director Rafiqul Amin and 20 others on charge of misappropriating investors’ money amounting to Tk 3,285 crore.

ACC deputy director Mozahar Ali Sarder filed one case with Kalabagan Police Station against 12 officials of Destiny-2000, including its chairman and managing director, under the Money Laundering Act 2012 for allegedly misappropriating over Tk 2,106 crore from the Destiny Tree Plantation Limited (DTPL).

ACC assistant director Toufiqul Islam filed the other case with the same police station against 22 Destiny officials under the same act for alleged embezzlement of Tk 1,178 crore from the Destiny Multipurpose Cooperative Society Limited (DMCSL).

On May 4 this year, the ACC submitted charge-sheets before the court in the two cases.

The chairman and the MD of Destiny surrendered before a Dhaka court in connection with two cases seeking bail on October 11, 2012.

BDST: 1039 HRS, July 31, 2016
AKA