Unipay2u money laundering: HC denies bail to convict

The High Court today refused to grant bail to a former employee of Unipay2u Bangladesh Limited in a money laundering case in which he was sentenced to 12 years' imprisonment.

The HC, however, set January 14 for hearing an appeal filed by HM Arshad Ullah, director of Uniland Ltd and the employee in question, challenging the trial court verdict that handed down the penalty to him and five others in the same case.

The HC bench of Justice Md Nazrul Islam Talukder and Justice Ahmed Sohel came up with the order after hearing the bail petition of Arshad Ullah.

Deputy Attorney General AKM Amin Uddin Manik told The Daily Star a Dhaka court on January 23, 2019, sentenced Arshad Ullah and five officials of Unipay2u, including its chairman and manager, to 12 years' imprisonment each in a case filed for laundering around Tk 1,351 crore through a multi-level marketing scam.

The trial court also directed the authorities concerned to take steps to refund the money to the depositors of Unipay2u.

He also said Arshad Ullah and few others embezzled the money of Unipay2u through Uniland Ltd company.