Eliminate the rule on money laundering allegations against the National Bank in one month MD : SC

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FE ONLINE REPORT | Posted: Jan 16, 2023 7:45:37 PM

The Supreme Court’s Appeals Chamber on Monday asked the High Court to rule within a month on an order made on allegations of corruption and money laundering against the National Bank’s chief executive and his board of directors.

A three-member bench of the Appeals Division headed by Chief Justice Hasan Foez Siddique passed the order after hearing a motion filed by National Bank authorities against an HC order that sought an investigation into the allegations and published the rule.

At the same time, the Supreme Court refused to stay the High Court’s order requiring the authorities concerned to carry out an investigation into allegations of corruption and money laundering by members of the board of directors of the National Bank Limited using international credit cards. .

Following a motion for an order, a Bench of the High Court on 13th December 2020 ordered relevant government bodies to investigate allegations of corruption and money laundering by members of the board of directors of National Bank Limited using international credit cards.

The Governor of the Bangladesh Bank, the Bangladesh Financial Intelligence Unit (BFIU), the Criminal Investigation Department (CID) of the Police and the Anti-Corruption Commission (ACC) have been asked to comply with the investigation and to submit a report to the court on January 15, 2023.

He also issued a rule requiring respondents to explain why they should not be required to take appropriate legal action against the National Bank’s chief executive and his board of directors for their involvement in corruption and money laundering. money using credit cards.

Later, the National Bank authorities filed a petition with the Appeals Division asking for the High Court order to be stayed. The Appellate Division chambers judge remanded the case to the ordinary bench of the Supreme Court on December 28 for a detailed hearing, which was set down for trial on Monday.

Attorneys Shah Monjurul Hoque and Muhammad Harunur Rashid Khan appeared at the hearing on behalf of National Bank Limited.

Later, Mr. Harunur Rashid Khan said, “The Appeal Division has asked the HC to dispose of the rule within a month. In this sense, government agencies can now investigate allegations that comply with the HC order. However, we will take initiatives for the rules hearing within the time limit set by the SC.

Chowdhury Hasan Muhammad Abdullah, a Supreme Court lawyer and also a National Bank shareholder, filed the motion for an order on December 11 last year.

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