A Dhaka court sentenced Hussain Mahmud Rassel, chairman of Lloyd Vision (Pvt) Ltd, to 12 years' imprisonment in a graft case filed in 2013.
The court also fined him over Tk 57 crore, in default of which he will have to serve additional three years in jail.
Judge Dr Shaikh Golam Mahbub of the Special Judge Court-6 of Dhaka also sentenced Rassel's wife Khadiza Nur Bushra to four years' rigorous imprisonment for assisting her husband, and fined her Tk 50 lakh, in default of which she will have to serve an additional year in jail.
On May 2013, the Anti-Corruption Commission (ACC) filed a case against the couple accusing them of amassing Tk 23.63 crore by cheating people.
According to the case statement, they opened a multi-layered marketing (MLM) company between 2009 and 2012 and lured people to invest money.