Destiny Cooperative
Hearing on writ tomorrow
The High Court yesterday fixed tomorrow for hearing a writ petition filed by Destiny Multipurpose Cooperative Society Ltd challenging the Bangladesh Bank report that raised allegations against the company of doing illegal banking.
The HC bench of Justice Farid Ahmed and Justice Sheikh Hassan Arif set the date following a time prayer moved by Deputy Attorney General (DAG) Motaher Hossain Saju.
As the bench took up the petition for hearing yesterday, the DAG sought one week's time from it for taking preparation to place argument on the matter.
The court granted him two days' time and fixed Wednesday (tomorrow) for hearing the petition.
Md Rafiqul Amin, chairman of the cooperative and also Destiny Group, on Sunday filed the writ petition seeking a stay order from the HC on the central bank report and also a rule upon the government and the BB to explain the legality of the report.
The BB report revealed last month said the cooperative, a concern Destiny Group, had seen an astronomic rise in its capital, shareholders, profit and investment since 2009.
Following the report, which was sent to the finance ministry last month, various newspapers ran reports on numerous irregularities of the company.
Barrister Rokanuddin Mahmud, Advocate AF Hassan Ariff and Barrister Mizan Sayeed appeared for the petitioner.
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