The Appellate Division on Sunday granted conditional bail to Destiny Group managing director Rafiqul Amin and Destiny Multipurpose Cooperative Society Limited chairman Mohammad Hossain in two money laundering cases.
The court ordered them to pay Tk 2,800 crore by selling trees it had planted in Bandarban. If they fail to collect Tk 2,800 crore by selling trees, they were asked to deposit Tk 2,500 crore in six weeks.
The two would get bail only after submitting receipt to the trial court.
A three-member bench of the Appellate Division headed by Chief Justice Surendra Kumar Sinha came up with the order after hearing two petitions filed by the Anti-Corruption Commission challenging a High Court verdict that had granted bail to Rafiqul and Hossain.
The court asked the Anti-Corruption Commission to distribute the amount among the victims of fraudulence by the Destiny Group.
The court also asked the Dhaka Metropolitan Special Judge’s court to lift ban on felling trees of Destiny Tree Plantation Limited so that they can sell the trees. It also asked the jail authorities to make arrangements so that Destiny Plantation Limited chief executive officer Shamsul Alam Bhuiyan could meet them in jail.
On July 20, the High Court granted bail to both Destiny officials in the cases saying that they will have to submit their passports to the trial court so that they cannot leave before completion of the trial proceedings.
On August 24, the High Court following two petitions filed by the ACC stayed the verdict.
The ACC filed the cases in 2012 against 22 officials of Destiny Group including Rafiqul and Hossain for laundering Tk 4200 crore.
