The High Court on Monday issued a rule seeking explanation as to why Regent group chairman Mohammad Shahed  should not be granted bail in a money laundering case. The High Court bench of Justice M Enayetur Rahim and Justice Sardar Md Mostafizur Rahman issued the rule. The Anti-Corruption Commission (ACC) and others concerned have been asked to respond to the rule within four weeks. Read: Regent's Shahed denied bail in money laundering case Advocate Sagir Hossain Leon appeared for Shahed in the court while Advocate Khurshid Alam Khan represented  the ACC. On May 24, the High Court denied bail to Mohammad Shahed in the case. On August 25 last year,  Criminal Investigation Department inspector Ibrahim Hossain filed the case against Shahed and Regent Group Managing Director Masud Parvez at Uttara West Police Station on charge of laundering 11.02 crore. On July 15 last year, Rab members arrested Shahed from the border area of Satkhira's Debhata on charge of issuing fake Covid certificates. Read: Arms case: Regent Chairman Shahed sentenced to life imprisonment Rab members raided the Uttara and Mirpur branches of Regent Hospital on July 6 and arrested eight people on charges of issuing fake Covid-19 certificates and charging exorbitant fees for Covid testing and treatment of inpatients. On July 7 last year, the head office of the Regent Group and both the hospitals were sealed off and 17 people, including Shahed, were sued on charges of issuing fake Covid test reports and taking money from Covid patients for tests and treatment. On Sept 28, 2020 a Dhaka court sentenced him to life imprisonment in an arms case.