2 Destiny officials asked to pay Tk 2500cr for bail

The Supreme Court today granted conditional bail to Destiny Group Managing Director Rafiqul Amin and Destiny Multipurpose Cooperative Society Ltd Chairman Mohammad Hossain in two money laundering cases.

They will be released on bail only if they pay Tk 2500 crore in six weeks from today so that the government can provide the money to their subscribers, the apex court said.

"If you (Rafiqul and Hossain) cannot fulfill the conditions, you will not be released from jail," Khurshid Alam Khan, lawyer for the Anti-Corruption Commission, quoted the court as saying.

READ MORE: 51 indicted in Destiny scam cases

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.

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 HC following two petitions filed by the ACC stayed the HC verdict.

The ACC filed the cases in 2012 against 22 officials of Destiny Group including Rafiqul and Hossain for laundering Tk 4200 crore.