Tk 159cr laundering: Appellate Division stays HC verdict upholding Rashedul Chisty’s bail

The Appellate Division of the Supreme Court today stayed for four weeks the High Court verdict that upheld the bail of Rashedul Haque Chisty, son of the former chairman of Farmers Bank audit committee Mahbubul Haque Chisty, in a money laundering case involving Tk 159 crore.

The apex court also asked the Anti-Corruption Commission (ACC) to file a leave to appeal petition with the court against the HC verdict in four weeks.

A three-member bench of the Appellate Division headed by Chief Justice Syed Mahmud Hossain passed the order after hearing a petition filed by the ACC, seeking stay on the HC judgement.

Rashedul's lawyer Shaharia Biplob told The Daily Star that his client cannot get released from jail following the SC's stay order.

Lawyer Khurshid Alam Khan appeared for the ACC while senior lawyer AF Hasan Ariff argued for Rashedul.

On January 26, the HC upheld a lower court order that granted bail to Rashedul in the money laundering case.

The ACC filed the case with Gulshan Police Station in April, 2018 against Rashedul, his father Mahbubul Haque Chisty and some others.

A Dhaka court on May 19 last year granted bail to Rashedul in the case.

Then, the ACC filed the revision petition with the HC challenging the lower court order of bail.