Money Laundering: HC denies bail to 2 NSU trustees

The High Court yesterday refused to grant bail to two members of North South University's (NSU) trustee board -- MA Kashem and Rehana Rahman -- in a Tk 304 crore money laundering case.

The court, however, issued two rules asking the state and the Anti-Corruption Commission (ACC) to explain in two weeks why Kashem and Rehana should not be granted bail in the case.

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The bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat came up with the rules after hearing two petitions. The bench also fixed August 16 for hearing on the rules.

On May 22, the HC bench led by Justice Md Nazrul Islam Talukder rejected anticipatory bail petitions filed by four members of NSU trustee board in the same case and also ordered Shahbagh police to arrest them immediately and to produce them before the trial court in 24 hours in connection with the case.

Accordingly, the four accused -- MA Kashem, Benajir Ahmed, Rehana Rahman and Mohammed Shajahan, who appeared before the HC bench on that day for bail, were produced before the trial court on May 23.

On May 23, the lower court sent them to jail rejecting their bail prayers in the case.

ACC filed the case against the four accused and also NSU Board of Trustees Chairperson Azim Uddin Ahmed. Ashaloy Housing and Developers Managing Director Amin Md Hilaly was also made accused in the case.

ACC Deputy Director Farid Ahmed Patwary filed the case with its integrated district office in Dhaka on May 5.