Court Orders Seizure of Destiny 2000 Properties

November 27, 2012 -- Today, a Dhaka court ordered the confiscation of all property of Destiny 2000 Limited, its chairman Mohammad Hossain, and managing director Rafiqul Amin and his wife. Hossain and Amin, along with other Destiny executives, are facing charges including money laundering and transfe... Source: Npros

Court Orders Seizure of Destiny 2000 Properties

Posted 11/27/2012

Destiny 2000 Distributors Begin Hunger Strike

Dhaka, Bangladesh -- On Sunday, approximately 1,000 Destiny 2000 distributors gathered in Ramna Park and began a mass hunger strike, hoping to persuade Prime Minister Sheikh Hasina to unfreeze the company's seized bank accounts, free its Chairman and Managing Director, and halt plans for administrat... Source: Npros

Destiny 2000 Distributors Begin Hunger Strike

Posted 11/13/2012

Destiny 2000 Executives Admit Guilt in Money Laundering

Dhaka, October 26, 2012 -- Mohammad Rafiqul Amin, managing director, and Mohammed Hossain, chairman of Destiny 2000 gave statements confessing to money laundering in the courts of metropolitan magistrates in Dhaka. The two were jailed following their statements. Officials at the Ministry of Comme... Source: Npros

Destiny 2000 Executives Admit Guilt in Money Laundering

Posted 10/26/2012

Destiny 2000 President Granted Bail

Dhaka, Oct 18 -— Destiny 2000 Limited President M Harun-Ar-Rashid was released on bail for two months in the money laundering case against him. Harun's bail was granted on the condition that he refrain from traveling internationally or communicating on behalf of Destiny 2000. Harun was jailed on... Source: Npros

Destiny 2000 President Granted Bail

Posted 10/18/2012

Bank Accounts of Destiny 2000 Officers Frozen

Dhaka, October 2, 2012 -- The Anti Corruption Commission of Bangladesh was given permission by a Dhaka court to freeze 533 bank accounts belonging to 22 Destiny 2000 officers. The officers affected by the court's ruling have been accused of money laundering and defrauding investors in Destiny 200... Source: Npros

Bank Accounts of Destiny 2000 Officers Frozen

Posted 10/2/2012

Destiny 2000 Chief Sent to Jail Without Bail

Dhaka, Bangladesh - September 6, 2012 -- Destiny 2000 Ltd Director Abul Kalam Azad was denied bail by a Dhaka court and sent to prison. Azad and 21 other Destiny 2000 officers were charged on July 31 with allegedly laundering Tk 11.78 billion. The government has given the Ministry of Co... Source: Npros

Destiny 2000 Chief Sent to Jail Without Bail

Posted 9/6/2012

Destiny 2000 Chairman and 21 Others Charged with Money Laundering

Dhaka, Jul 31 -- The Anti Corruption Commission of Bangladesh filed charges of embezzling over Tk 32.85 billion against 22 officials of Destiny 2000 Ltd, including its Chairman, Rafiqul Amin. Amin and the other officials are accused of misappropriating more than Tk 11.74 billion from Destiny 2000... Source: Npros

Destiny 2000 Chairman and 21 Others Charged with Money Laundering

Posted 7/31/2012

Destiny 2000 Financial Transactions Probed

May 28, 2012 -- The Bangladesh Bank is investigating allegations of money laundering through the bank accounts of the Destiny Group and its directors. Tax authorities have found that Destiny Tree Plantation, one of the company's concerns, neglected to pay over Tk 1.00 billion in tax and VAT after... Source: Npros

Destiny 2000 Financial Transactions Probed

Posted 5/28/2012

Destiny 2000 Bank Accounts Frozen

The National Board of Revenue (NBR) in Bangladesh has asked banks to freeze the accounts of Destiny 2000 Ltd, after the tax authority detected anomalies in tax and VAT in some of Destiny's bank accounts and determined that Destiny Multipurpose Cooperative Society Ltd, a concern of Destiny Group, had... Source: Npros

Destiny 2000 Bank Accounts Frozen

Posted 5/24/2012

Arrest Warrant Issued for Destiny 2000 Managing Director

May 14, 2012 -- Dhaka's Chief Metropolitan Magistrates Court issued an arrest warrant today for Destiny 2000's Managing Director and two others for falsifying an annual financial statement. Warrants were issued for Destiny 2000 Limited Managing Director Rafiqui Amin and directors Irfan Ahmed Sunny a... Source: Npros

Arrest Warrant Issued for Destiny 2000 Managing Director

Posted 5/14/2012