The Appellate Division on Sunday rejected bail petitions of Destiny Group Managing Director Rafiqul Amin in two money laundering cases.
A four-member bench, headed by Chief Justice Syed Mahmud Hossain, turned down the pleas after a hearing.
“The Destiny MD will have to remain in jail,” said Khurshid Alam, a counsel of the Anti-Corruption Commission (ACC).
On August 20, the High Court turned down his bail petitions, prompting Rafiqul to move the apex court.
The ACC filed the money-laundering cases against Destiny-2000 chairman, managing director and 20 others. They stand accused of misappropriating Tk 3,285 crore of the investors’ money.
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