Destiny group chairman jailed for 3 years

Staff Correspondent: A Dhaka court has sentenced Destiny group Chairman Mohammad Hossain to three years imprisonment in a case filed by the Anti-Corruption Commission (ACC) for not submitting his wealth statement.

Dhaka Special Judge Court-6 Judge Sheikh Golam Mahbub passed the order on Wednesday.

The court also fined him Tk 50,000, in default of which he will have to serve three months more in jail, Public Prosecutor Mahmud Hossain Jahangir confirmed.  

On July 31, 2012, the ACC filed two money-laundering cases against Destiny-2000 chairman M Hossain and group managing director Rafiqul Amin and 20 others on charge of misappropriating investors’ money amounting to Tk 3,285 crore.

ACC found information that Mohammad Hossain piled illegal wealth of Tk131,171,598. Later, the watchdog sent notice to him to submit the wealth statement on June 16, 2016.


risingbd/Dhaka/Nov 14, 2018/Mamun Khan/Nasim