Conditional bail for Destiny Rafiqul , Hossain
The Court on Sunday granted a conditional bail to detained Destiny Group managing director Rafiqul Amin and Destiny-2000 chairman Mohammad Hossain.
The Destiny officials will get bail if they pay Tk 28 billion to the government. The officials will have to pay within the next six weeks.
An SC bench led by Chief Justice SK Sinha passed the order.
The court also directed the Anti Corruption Commission (ACC) Chairman to use the bail money to help the victims of the Destiny Group scam.
According to the lawyer of the Destiny Group, the organization has planted over 3.5 million trees all around the country and each tree has been valued at Tk 8,000.
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.