Press Release

Destiny 2000 Chief Sent to Jail Without Bail

Source: Npros · 9/6/2012

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 Commerce two more months to investigate and report on "irregularities" at Destiny 2000 Ltd.

View Destiny 2000 Review

Destiny 2000 Executives Confess Embezzlement

Bangladesh, December 13, 2012 -- Mohammad Rafiqul Amin, Destiny Group chairman, and Mohammad Hossain confessed to embezzling investors' funds in separate statements made today in court. According to Amin's statement, he and other company executives misappropriated Tk 3,350 crore which was collected ... Read more
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 Commerce... 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 Oct... Read more
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 2000.... Read more