General

Money laundering: Top court denies Destiny MD bail

The Appellate Division on Sunday rejected bail petitions of Destiny Group Managing Director Rafiqul Amin in two money laundering cases.

 

A four-member bench, headed by Chief Justice Syed Mahmud Hossain, turned down the pleas after a hearing.

 

“The Destiny MD will have to remain in jail,” said Khurshid Alam, a counsel of the Anti-Corruption Commission (ACC).

 

On August 20, the High Court turned down his bail petitions, prompting Rafiqul to move the apex court.

 

The ACC filed the money-laundering cases against Destiny-2000 chairman, managing director and 20 others. They stand accused of misappropriating Tk 3,285 crore of the investors’ money.

 

Source: United News of Bangladesh