A Dhaka court has directed to send Farah Diba, one of the accused directors of Destiny Multipurpose Co-Operative Society Ltd and wife of sentenced Managing Director Rafiqul Amin, to jail in a money laundering case. Dhaka Special Judge Court-4 Judge Sheikh Najmul Alam passed the order on Sunday after the accused appealed for bail after her surrender. Lawyer Shahinul Islam Oni appeared for the accused while prosecutor Mir Ahmmed Ali Salam objected to the bail plea on behalf of Anti-Corruption Commission (ACC). Also read: ACC appeals to HC to increase sentence of 45 Destiny executives On May 12, a Dhaka court sentenced all 46 accused, including Destiny Group MD Rafiqul Amin, his wife Farah Diba, and Destiny-2000 president Lt Gen Harun (retd), to different terms of imprisonment in the money laundering case and fined Tk 2,300 crore. Rafiqul Amin has been awarded 12 years imprisonment and Farah Diba was awarded eight-years imprisonment in this case. On 31 July 2012, two separate cases were filed with the Kalabagan police station against Rafiqul and other officials of Destiny on the allegation of embezzling money from the investors in the name of Destiny Multipurpose Cooperative Society and Destiny Tree Plantation Limited and laundering it. Also read: Issue red alerts for arrest of 39 fugitives in Destiny scam case: HC According to the case complaint, Destiny group collected Tk 1,901 crore from the investors and embezzled Tk 1,861.45 crore of it. As a result, Its eight lakh investors faced loss.

Commerce Minister Tipu Munshi on Sunday said that it’s possible to give 50 to 60 per cent money back to the cheated clients of the Destiny Group and Jubok by selling the assets of the two companies which collapsed amid widespread fraud. “To my consideration, the cheated clients can get up to 50 to 60 per cent of the money back…. But the issue remains pending with the court for settlement”, he said while addressing a workshop organized by the Bangladesh Competition Commission (BCC) for the members of Economic Reporters Forum (ERF) at the BCC office in the city. The BCC organized the event to discuss the issues for creating a fair competition environment in the market through implementation of the Competition Law. Tipu said that he discussed the issue with the law minister who informed him that the law ministry has been working on how to compensate the Destiny and Jubok clients. As per the estimation by different government bodies, Destiny and Jubok have about Tk 7,000 crore assets.

The Supreme Court on Thursday fixed Sunday for passing its order on two bail petitions filed by Destiny Group Managing Director Md Rafiqul Amin in two money laundering cases.

The High Court (HC) on Thursday turned down the bail petitions of Destiny Group managing director Rafiqul Amin in two money-laundering cases filed by the Anti-Corruption Commission (ACC).

The High Court on Sunday denied bail petition of Destiny Group Director Lt Col (retd) Didarul Alam in a money laundering case filed by the Anti-Corruption Commission (ACC).

The High Court on Monday denied the bail petition of Destiny Group Director Lt Col (retd) Didarul Alam in a money laundering case filed by Anti-Corruption Commission (ACC).