The Appellate Division on Tuesday denied bail to Rashedul Haque Chisty, the son of former chairman of Farmers Bank audit committee Mahbubul Haque Chisty, in a money laundering case.

Bench of five justices under the chief justice passed the order and ordered the judicial court to settle the case quickly.

Advocate AF Hasan Arif stood for the accused while advocate Md Khurshid Alam Khan represented the Anti-Corruption Commission (ACC) at the court. Additional Attorney General Sheikh Mohammad Ershad stood for the state.

Md Khurshid Aalam Khan said, on January 26 the High Court upheld the bail of Rashedul Haque Chisty and after the bail is cancelled he will have to remain behind bars until the case is under trial.

Later ACC appealed for suspending the order with the Appellate Division of the High Court.

Also read: Farmers Bank Scam: HC upholds bail of Rashedul

On February 1, the Appellate Division suspended the bail order passed by the High Court and gave him permission to appeal again to the higher court. Today both his bail appeals got rejected.

On April, 10, 2018, ACC filed a case against Mahbubul Haque Chisty, his wife Rosey Chisty, son Rashedul Haque Chisty, first president of the Farmers Bank Md. Masudur Rahman Khan, senior vice president Zia Uddin Ahmed and senior executive vice president Delwar Hossain at Gulshan police station under the Money laundering prevention act.

The accused were allegedly involved in embezzling around Taka 160 crore.

On May 19, 2020, a judicial court passed bail orders for Rashedul Haque Chishty in several cases.

ACC later filed a review petition with the High Court challenging the bail order

Mahbubul Haque Chisty and Rashedul Haque Cishty have been staying in jail since their arrest in the money laundering case.