The Financial Express

Farmers Bank scam: HC upholds Rashedul’s bail in money laundering case

| Updated: January 26, 2021 21:59:15

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Farmers Bank scam: HC upholds Rashedul’s bail in money laundering case

The High Court (HC) on Tuesday upheld a subordinate court order that gave bail to Rashedul Haque Chisty, son of the ex-chairman of Farmers Bank audit committee Mahbubul Haque Chisty, in a money laundering case filed on charge of misappropriating Tk 1.59 billion.

The HC bench comprised of Justice Md Nazrul Islam Talukder and Justice Mohi Uddin Shamim passed the order after rejecting a revision petition lodged by the Anti-Corruption Commission (ACC) challenging the lower court order that granted him bail earlier.

Senior lawyer AF Hasan Ariff was present at the hearing for the accused Rashedul while advocate Khurshid Alam Khan moved for the ACC.

Additional Attorney General SM Munir and Deputy Attorney General AKM Amin Uddin Manik attended the hearing on behalf of the state. 

Talking to The Financial Express, ACC lawyer Khurshid Alam said the ACC will move to the Appellate Division of the Supreme Court soon for filing an appeal to cancel Chisty’s bail.

However, the SC lawyer said Rashedul cannot get released from jail soon as he will have to secure bail from several other cases filed against him earlier.

The anti-graft watchdog agency filed the case with Gulshan Police Station in April, 2018 against Rashedul, his father Mahbubul Haque Chisty and some others on charges of laundering Tk 1.59 billion, Mr Alam added.

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