Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, December 6, 2018 11:43:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Money laundering case

Magistrate Court can grant bail: HC

By
07th-Dec-2018       
Comments
Share your thought
Post a comment »
Read all () »

Staff Reporter :
In a majority view, a larger bench of the High Court on Thursday said that the lower court could grant bail to the accused persons in money laundering cases in accordance with the law.
The HC, however, said that the lower court should dispose of the cases carefully as an important issue like money laundering is involved with the cases.
The HC also ordered the Magistrates to scrutinize all the documents, including information reports of the cases, statements of plaintiff and defence sides and related laws before disposing of such cases.

The larger bench of the HC comprising Justice Moyeenul Islam Chowdhury, Justice M Enayetur Rahim and Justice Md Ashraful Kamal in a majority view passed the observation while disposing of a Suo Moto rule issued by the HC earlier that questioned the bail granted to two former high officials of AB Bank in a money laundering case involving Tk 165 crore.
Two members of the HC bench Justice Moyeenul Islam Chowdhury and Justice M Enayetur Rahim upheld the lower court order that granted bail to M Wahidul Haque, former Chairman of AB Bank, and Abu Hena Mustafa Kamal, the bank's former Head of Financial Institutions and Treasury.
However, the junior member of the bench Justice Md Ashraful Kamal disagreed with the majority verdict and cancelled their bail.
The junior judge also ordered the former bank officials to surrender in the lower court within a month.
In his part, Justice Md Ashraful Kamal said that though Special Court has power to grant bail and remand to the accused under special laws, but the Magistrate Court had granted bail of the former bank officials without exercising its judicial power. Hence, their bail was cancelled with order to surrender in the lower court concerned, the court said.
He also said that the people should be aware of corruption. The government should play its strict role against the corruption. The court should also be aware of the corruption.
After the HC order, Anti-Corruption Commission (ACC) lawyer Khurshid Alam Khan told reporters that the lower court could grant bail for those accused who were facing money laundering cases under special law following the High Court order as the majority order would be maintained.
In response to a query, he said that the commission would decide about filing appeal after getting the full copy of the High Court verdict.
A Dhaka court on January 25 this year granted bail to M Wahidul Haque and Abu Hena Mustafa Kamal within few hours after they were produced before it in connection with a money laundering case filed against them.
On January 31, a two-judge HC bench led by Justice M Enayetur Rahim issued the Suo Moto rule asking the government, Anti-Corruption Commission, Wahidul and Abu Hena to explain as to why the bail granted by the lower court to Wahidul and Abu Hena in the case should not be cancelled.
The bench also issued a travel ban on Wahidul and Abu Hena.
After issuing the Suo Moto rule, the HC bench sent the matter to the Chief Justice for his decision.
Later, Chief Justice Syed Mahmud Hossain constituted the larger High Court bench for disposing the rule that questioned the bail granted to two former high officials of AB Bank in a money laundering case involving Tk 165 crore.
After hearing on the rule, the HC bench yesterday delivered the verdict with the observations.
ACC Assistant Director Gulshan Anowar Pradhan filed the case against eight people, including AB Bank's former Chairman and two Managing Directors, with Motijheel Police Station on charge of laundering around Tk 165 crore.
The ACC on January 25 arrested Wahidul, Abu Hena and businessman Saiful Haque, three of the eight accused, in connection with the case.
After they were produced in a Dhaka court, it granted bail to Wahidul and Mostafa, but sent Saiful on a three-day remand.
The other accused in the case are M Fazlur Rahman and Shamim Ahmed Chaudhury, ex-Managing Directors of AB Bank; Mohammad Lokman, the bank's Head of Offshore Banking Unit; Mohammad Mahuz Ul Islam, its Vice-President of Corporate Treasury Department; and Nurul Azim, its Senior Vice-President.

Tariff
Add Rate

News Archive

Inside The New Nation

International »

Trump shaping new `liberal` order to block Russia, China, Iran, says Pompeo


Reuters, Brussels : U.S. President Donald Trump's top diplomat promised on Tuesday a new democratic world order in which Washington will strengthen or jettison international agreements as it sees fit to stop "bad actors" such as Russia, China and Iran from gaining.In a twist on Trump's "America First" policy, U.S. Secretary ...

City »

The Mazar of Huseyn Shaheed Suhrawardy in the city bedecked with flowers placed by different organisations marking his 55th death anniversary on Wednesday.


Football »

Conscious Sports organizers, sportsmen, sportswomen formed a human chain in front of the National Press Club on Wednesday demanding exemplary punishment to the person for repressing a female weightlifter recently.


Football »

U-15 boys' team hopeful of better performance in UEFA tourney


The Bangladesh national U-15 football team expressed high hope about doing well in the four-nation Union of European Football Associations (UEFA) friendly tournament scheduled to be held from December 10-14 in Thailand.Bangladesh will take on European rivals Cyprus in their very first match of the tourney. The Bangladesh team are ...

Entertainment »

Airtel launches YOLO Star music competition


Entertainment Report :Airtel has launched a unique music competition, called ‘Airtel YOLO Star,’ for all the music enthusiasts of the country. The platform provides an excellent opportunity for the young musicians to showcase their talent in front of the whole nation and become the music sensation. In order to participate ...

Cricket »

My focus now on cricket, not politics: Mashrafe


Bangladesh One Day International (ODI) captain Mashrafe Bin Mortaza talking for the first time to media after joining politics said on Tuesday he is focused on his game instead of paying all attention to politics.  The Bangladesh one-day captain has got nomination to contest in the December 30 national elections ...

Editorial »

Workers should now get better facilities


GOVERNMENT has relaxed the labour law for the Export Processing zones (EPZs) with the view to ensuring workers' better rights employed in the special industrial regions. On Monday, the Cabinet approved the new amendments to the 'Bangladesh EPZ Labour Act-2016' allowing the workers to enjoy the freedom of association to ...

Business & Economy »

Dr. Md. Abdul Wahab, Director (Training & Communication) of Bangladesh Agricultural Research Institute (BARI) and Manoj Kanti Bairagi, General Manager of Bangladesh Bank (BB), exchanging a MoU signing document at BARI conference room recently. Dr. Abul Kalam Azad, DG, Dr. Tapan Kumar Paul, Director (Tuber Crops Research Centre), senior scientists of BARI and high officials from Bangladesh Bank were also present.


City »

Convener of Nagorik Oikya Mahmudur Rahman Manna speaking at a press conference on 'Present Election Situation and Election Area' organised by the oikya at the Jatiya Press Club on Tuesday.


National »

NATORE: BNP, Natore District Unit arranged a protest meeting condemning cancellation of nomination papers on Monday.


Entertainment »

Priyanka Chopra and Nick Jonas` Hindu wedding


After tying the knot in the Christian tradition, Bollywood star Priyanka Chopra and American singer Nick Jonas once again got married in a traditional Hindu ceremony on Sunday, according to a report by people.com. According to the people.com, Priyanka's look was custom made by fashion designer Sabyasachi Mukherjee. It reportedly ...

Entertainment »

Sonakshi Sinha flaunts her 'fittest and happiest version' on magazine cover


Sonakshi Sinha is raising the temperature as she flaunts her fit and fab body on the cover of a fashion magazine.The 31-year-old, who has turned cover girl for Cosmopolitan's December edition, looks sizzling in blue pant-suit by ace designers Rohit Gandhi and Rahul Khanna, which she teamed with a skin ...

International »

Trump pays respects as ex-President Bush lies in state in US Capitol


President Donald Trump and First Lady Melania paid their respects Monday to late president George H.W. Bush, whose remains lay in state in the US Capitol.The Trumps made a brief visit to the Capitol rotunda, where Bush's flag-draped coffin was resting as part of tributes to honor the 41st US ...

International »

Macron to halt fuel tax hikes in bid to calm fiery protests


AFP, Paris :The French government plans to announce Tuesday the suspension of fuel tax increases slated for January in a bid to quell the fierce protests which have ballooned into the deepest crisis of Emmanuel Macron's presidency, sources said.Prime Minister Edouard Philippe will also unveil other measures to help boost ...

Editorial »

Ensure metro rail facilities for the persons with disabilities


With a view to creating awareness about differently-abled people, the International Day of Persons with Disabilities and National Disabled Day-2018 was observed in the country as elsewhere in the world yesterday.  On the day, the persons with disabilities have urged the authorities concerned to ensure that the under-construction metro rail ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news