Published:  12:00 AM, 13 November 2016

Bail only after Tk 25 billion payback to investors, SC tells two Destiny officials

The Supreme Court on Sunday said Destiny Group Managing Director Rafiqul Amin and Destiny 2000 Ltd Chairman Mohammad Hossain will be granted bail only if they fulfil the payback condition.

The three-member appeals bench led by Chief Justice Surendra Kumar Sinha gave the order after hearing the Anti Corruption Commission's (ACC) petition against a High Court order, granting bail for the two Destiny bosses. The court said the company has to pay the state Tk 28 billion within six week by selling the 3.6 trees at its plantation project in Chittagong Hill Tracts district of Bandarban.

The ACC has been told to inform the court about payback amounts reaching investors, only after which the two can be released. The top court said in case of failing to manage Tk 28 billion by selling trees, they will have to pay Tk 25 billion to secure bail. -  bdnews24.com

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