Court rejects bail of Destiny Chair, MD

A Dhaka court has rejected bail petitions of the chairman and the managing director of Destiny 2000 Ltd in a couple of corruption cases. Meher Nigar Shuchona, the Judge of Chief Metropolitan Magistrate's Court, Dhaka, passed the order in two cases of money-laundering, after hearing bail petitions by Managing Director Rafiqul Amin and Chairman Mohammad Hossain on Thursday. The Anti-Corruption Commission (ACC) filed the cases under the Money Laundering Prevention Act in July, 2012, against 22 top officials of Destiny for embezzling around Tk 35 billion after duping numerous clients through the Destiny Multipurpose Co-operative (MLM) and Tree Plantation Project. Both are now in jail. Following the order, ACC lawyer Kabir Hossain informed the reporters that the charge-sheet in the cases will be submitted very soon, according to a news agency.