Farmers Bank scam: HC upholds bail of Rashedul Haque Chishty | The Daily Star
07:42 PM, June 02, 2020 / LAST MODIFIED: 07:45 PM, June 02, 2020

Farmers Bank scam: HC upholds bail of Rashedul Haque Chishty

The High Court today upheld the lower court orders which granted bail to Rashedul Haque Chisty, son of the former Farmers Bank audit committee chair Mahbubul Haque Chisty, in three corruption cases.

The HC bench of Justice Md Nazrul Islam Talukder upheld the orders until reopening of the regular court following the ongoing shutdown declared by the government due to the coronavirus outbreak.

The HC bench, however, imposed four conditions for the bail, saying Rashedul must submit his passport to the trial court.

He cannot leave the country without permission from the court concerned and cannot be involved in matters related to the Farmers Bank. Rashedul must also not interferein the investigation into the cases against him, the HC said.

Anti-Corruption Commission's lawyer Khurshid Alarm Khan told The Daily Star that Chishty cannot get released from jail following yesterday's order as the HC earlier stayed a lower court order which granted bail to him in another case filed on charge of laundering Tk 159 crore.

The HC bench today passed the orders following three separate petitions filed by the ACC seeking stay on the lower court orders.The bench held a virtual hearing on the petitions.

The ACC filed the petitions with the High Court on May 28 through email seeking stay on the lower court order.

Advocate Khurshid Alarm Khan argued for the ACC and Attorney General Mahbubey Alam represented the state while Advocate AM Amin Uddin and Advocate Shaharier Biplab appeared for Rashedul.

Earlier on May 20, the High Court stayed a lower court order that granted bail to Rashedul Haque Chishty in a case filed on charge of laundering Tk 159 crore.

The subordinate courts concerned in Dhaka granted bail to Rashedul Haque Chishty on May 18 and 19 in four corruption cases including two separate money laundering cases involving Tk 159 crore and Tk 58 crore.

 On April 10, 2018, Chisty and his son Rashedul were arrested in connection with a Tk 159crore laundering case.

Later, the ACC filed total five corruption cases including the money laundering cases against Rashedul Haque Chishty, his fathers and several others in Dhaka and Tangail, ACC lawyer Khurshid Alarm Khan said.

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