Athletic

SC gives conditional bail to Destiny bosses

The Appellate Division of the Supreme Court (SC) today granted conditional bail to Destiny Group Managing Director Rafiqul Amin and Destiny -2000 Limited Chairman Mohammad Hossain in two money laundering cases.

"For coming out of jail on bail they have to pay Taka 2800 crore in six weeks time by selling off tress from the company's Tree Plantation Project or paying Taka 2,500 crore from any other means," said advocate Khurshid Alam Khan, counsel for the Anti-Corruption Commission (ACC).

A three-member Appellate Division panel headed by Chief Justice Surendra Kumar Sinha passed the order while disposing of two petitions filed by ACC against the High Court order that granted bail to the two accused in the cases.

According to the court sources, both the accused have to pay Taka 2800 crore to state exchequer by selling the trees and ACC will monitor the fact that whether the money is reaching to the hands of the subscribers those suffered monetary loss because of Destiny.

Destiny incumbent chief executive officer will monitor the whole tree selling process. "If they failed to sell off the trees, both of them must have to pay Taka 2,500 crore for coming out of jail.

The apex court asked the jail authorities to give Amin and Hossain chance to sign the necessary documents for selling process and complete other formalities," the ACC counsel added. ACC filed these two cases with capital's Kalabagan Police Station in 2012.

Source: Bangladesh Sangbad Sangstha (BSS)