Tue, 30 May 2023
The Daily Ittefaq

Destiny Group MD Rafiqul Amin jailed for 12 years, President Harun 4 years

Update : 12 May 2022, 12:32

Destiny Group President Harun-Ur-Rashid was sentenced to four years' rigorous imprisonment while its Managing Director Rafiqul Amin to 12 years in a case over embezzlement and money laundering at the organisation.

Judge Sheikh Nazmul Alam of Dhaka 4th Special Judge Court announced the verdict on Thursday.

The court also fined them Tk 3.5 crore and Tk 2 crore respectively.

Anti-Corruption Commission (ACC) on July 31, 2012, filed two cases under money laundering prevention act with capital's Kalabagan Police Station.

The anti-graft body on May 4, 2014, filed charge-sheets in the two cases for embezzling Taka 4,119.24 crore. In one case, 46 people were accused of misappropriating Taka 1,861 crore under the cover of Destiny Multipurpose Cooperative Project, while 19 people were accused of embezzling more that Taka 2,257 crore through Destiny Tree Plantation (DTPL).

The court on August 24, 2016 framed charges in the two cases. Of the two cases, the court today pronounced judgment in Destiny Multipurpose Cooperative Society Limited case.

According to the charges, the group had collected Tk 24.45 billion through the Destiny Tree Plantation project from investors since 2008 and embezzled around Tk 22.57 billion.

More than 1.7 million investors fell victim to this misappropriation.

The investigation report mentioned that Destiny Group has 28 organisations under its name. The accused deposited the money collected in the bank accounts of those organisations and later transferred the money to accounts in other banks.

The ACC found 722 such accounts in 34 banks, which is frozen now.

The cases also allege that the embezzled money was laundered.

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