Reliable Brokers
Online Investing
Alerts & Analysis
Easy Trading

SC upholds bail for Mosharraf, no bar to release

Update : 10 Jan 2016, 08:26 AM

The Appellate Division of the Supreme Court has upheld a High Court bail order for BNP leader Khandaker Mosharraf Hossain in a money laundering case.

There is no bar for the BNP leader's release from jail following the apex court's order as no other case is pending against him.

A four-member Appellate Division bench headed by Chief Justice SK Sinha passed the order on Sunday afternoon. 

ACC lawyer Khurshid Alam Khan said the top court upheld the bail under a set of conditions.

The conditions include disposing of the case within next three months, Mosharraf would not be able to withdraw money from the frozen bank account and he would not leave the country.

On August 19, the HC granted bail to Khandaker Mosharraf in the case under the condition that he would not leave the country.

On March 16, 2014, a Dhaka court sent him to jail in a case filed by the Anti-Corruption Commission for siphoning off money abroad.

Law enforcers had picked up Mosharraf from his Gulshan residence in the capital and handed him over to Ramna police station in connection with the case filed by ACC Director Nasim Anwar on February 6, 2014.

According to the case, Mosharraf laundered £804,000 (equivalent to Tk9.53 crore) to the UK when he was the health and family welfare minister during the 2001-2006 tenure of the BNP-led government.

Top Brokers