Dhaka: The High Court on Wednesday rejected the bail petitions of Destiny Group managing director Rafiqul Amin and its chairman Mohammad Hossain, now in jail, in two money-laundering cases filed by the Anti-Corruption Commission.

An HC bench comprising judges Mainul Islam Chowdhury and JBM Hasan passed the order upon hearing on a petition filed by their lawyer Barrister Azmalul Hossain.

Lawyer Khurshid Alam Khan stood for the Anti-Corruption Commission (ACC).

Khurshid Alam Khan said the court asked the authorities concerned to hospitalise Rafiqul Amin following the deterioration of his health condition.

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

ACC deputy director Mozahar Ali Sarder filed one case with Kalabagan Police Station against 12 officials of Destiny 2000 Limited, including its chairman and managing director, under the Money Laundering Act 2012 for allegedly misappropriating over Tk 2,106 crore from the Destiny Tree Plantation Limited (DTPL).

ACC assistant director Toufiqul Islam filed the other case with the same police station against 22 Destiny officials under the same act for alleged embezzlement of Tk 1,178 crore from the Destiny Multipurpose Cooperative Society Limited (DMCSL).

On May 4 this year, the ACC submitted charge-sheets before the court in the two cases.

The chairman and the MD of Destiny surrendered before a Dhaka court in connection with two cases seeking bail on October 11, 2012.

On August 4, 2014, Destiny Group Managing Director Rafiqul Amin and its director Mohammad Hossain filed bail petitions with the High Court in two money-laundering cases.

Later, an HC bench comprising Justice Nizamul Haque and Justice Jafar Ahmed issued a rule asking the ACC and the government to explain why the Destiny officials should not be given bail.