Source: Npros 7/31/2012
Destiny 2000 Chairman and 21 Others Charged with Money Laundering
Amin and the other officials are accused of misappropriating more than Tk 11.74 billion from Destiny 2000's tree plantation project and over Tk 21.06 billion in the name of the Destiny Multi-purpose Co-operative Society.
The defendants are accused of transferring money from these projects to their unprofitable institutions and then shifting the money to their personal accounts.
If the accused are found guilty, they will have to pay back double the amount to the victims through the government, and their personal property could be confiscated. They could also be jailed for at least 12 years.
Related News
-
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... Read More...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... Read More...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... Read More...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 ... Read More...
