A Dhaka court on Monday handed down a verdict sentencing former audit committee chairman of Farmers Bank Mahbubul Haque Chisty, also known as Babul Chisty, and his son, Rashedul Haque Chisty, to 12 years of rigorous imprisonment in a case involving the laundering of nearly Tk160 crore from the bank.
Judge Syed Arafat Hossain of Dhaka Special Judge Court 4 sentenced Babul Chisty's wife, Ruzy Chisty, and former first vice president of Farmers Bank Masudur Rahman Khan to five years of rigorous imprisonment in the same case.
The court slapped Babul Chisty, his son and his wife with a fine to the tune of Tk3,19,90,99,240–double the laundered amount–in default of which the first two would have to spend an additional two years in jail and Ruzy one year.
Besides, Masudur would have to spend an extra year in jail if he fails to pay Tk10 lakh in fines.
The court also ordered the confiscation of all their properties.
The case, filed by the ACC under the Money Laundering Prevention Act, was lodged at Gulshan police station on April 10, 2018.
Subsequently, charges were framed against the accused on October 30, 2019.
