Wednesday, June 27, 2012

HC questions BB action legality on Destiny,Bangladesh


BANGLADESH NEWS

The High Court on Wednesday questioned the legality of Bangladesh Bank’s action to freeze the bank accounts of the Destiny Group.

The HC also issued a rule upon the government to explain in a week why the central bank’s action that had frozen the bank accounts of 35 associated organisations of Destiny Group should not be declared illegal.

The HC bench of Justice Hasan Foez Siddique and Justice Shahidul Haque issued the rule following a writ petition filed by Destiny Group Chairman Mohammad Rafiqul Amin.

In the petition he said the Bangladesh Bank on May 24 froze all of its associated organisations excluding two sister concerns — Boishakhi TV and Bangla daily Dainik Destiny — for 30 days without mentioning any reason.

Later on June 19, the BB extended this order for next 30 days, which is illegal.

The Destiny chairman also said in the petition that there is no mention of any offence committed by the associated organisations of the group.

He prayed to the court to stay the Bangladesh Bank decision and also issue a rule upon the government to explain why the bank’s decision should not be declared illegal.

Advocate SM Rezaul Karim appeared for the petitioner while Deputy Attorney General Abdus Salam Mondol represented the government.

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