Wednesday, September 27, 2023

Destiny scam: Rafiqul Amin gets 12 years of imprisonment, Harun 4 year

A Dhaka court today sentenced Destiny Group Managing Director Rafiqul Amin to 12 years imprisonment in a case of embezzling customers’ money from Destiny Multipurpose Co-operative Society and money laundering. Destiny-2000 president Lt General (retd) M Harun-Ar-Rashid was also given 4-years imprisonment. He surrendered before the

Destiny back in business

Operates with new bank accounts; no govt action to stop controversial MLM business The government’s lenient attitude towards Destiny, a controversial multilevel marketing (MLM) company, has allowed the firm to resume its operation 10 months after the central bank froze its bank accounts. The MLM company resumed its business last month by opening bank accounts against ... Read more

Court flip-flops on Destiny

Reverses its order to freeze 252 accounts within an hour Just an hour after ordering to freeze 252 bank accounts of controversial Destiny Group and Destiny-2000 Ltd, a Dhaka court yesterday withdrew the decision. Judge (in-charge) Md Akhtaruzzaman of the Senior Special Judge’s Court ordered the freeze in the morning upon two petitions filed by

Destiny spent lavishly on certificates

After the detection of massive corruption ranging from money laundering to fake recruitment, a large-scale misuse of fund has been discovered in the controversial Destiny Multipurpose Cooperative Society Ltd. The latest fund misuse involves printing of its 8.5 lakh shareholders’ certificate from abroad when printers in the country say they have the latest technology for

Bail cancelled, bail reinstated

5 Destiny High-ups Bail cancelled, bail reinstated After a Dhaka Court judge Wednesday cancelled bail of five Destiny Group officials accused of money laundering, another judge of the court in a surprising move granted them bail yesterday. And this too came after another anomaly. On August 6, the Chief Metropolitan Magistrate’s (CMM) Court gave bail ... Read more

14 plundered Tk 1,448cr

Destiny Scam 14 plundered Tk 1,448cr Finds probe; anti-graft body arrests top official Fourteen Destiny Group officials, including its chairman Rafiqul Amin, were involved in a Tk 1,448-crore scam in the multilevel company’s cooperative wing, Destiny Multipurpose Cooperative Society Ltd. Of the sum, Rafiqul Amin misappropriated nearly Tk 130 crore, a government investigation has found. ... Read more

Tk 1,450cr anomalies detected

Destiny Cooperatives Society Tk 1,450cr anomalies detected The Department of Cooperatives (DoC) has detected financial irregularities of around Tk 1,450 crore in the operations of Destiny Multipurpose Cooperative Society Ltd (DMCSL), cash-cow of the controversial Destiny Group. The DoC unearthed the irregularities — misuse of funds, unauthorised expenditures and investments, recruitment of members, commission and

ACC challenges granting bails to Destiny officials

The Anti-Corruption Commission on Monday challenged the legality of an order passed by the Dhaka Chief Metropolitan Magistrate’s Court granting bail to five Destiny Group top officials including managing director Rafiqul Amin and president Left. Gen. Harun Or-Rashid. ACC deputy director Mozahar Ali and assistant director M Towfiqul Islam, also complainants

Commerce probe goes limping

Destiny ‘anomalies’ Commerce probe goes limping  Six months into its formation, a commerce ministry probe body has yet to submit its report on alleged irregularities of multilevel marketing company Destiny-2000. The commerce secretary now pins the blame on the probe body chief Ahmedur Rahim, registrar of joint stock companies and firms (RJSCF), who has recently ... Read more

5 top Destiny bosses get bail

A metropolitan magistrate’s court on Monday granted bail to five top Destiny Group bosses, including its managing director Mohammad Rafiqul and president former army chief retired lieutenant general Harun-or- Rashid in two cases. Magistrate Mohammad Erfan Ullah passed the order after the five Destiny Group

30pc stakeholders ‘fake’

Destiny Cooperative Society 30pc stakeholders ‘fake’  Finds probe body, manipulation done to show astronomical growth, lure innocent Destiny Multipurpose Cooperative Society Ltd (DMCSL), the cash cow of controversial Destiny Group, enrolled at least 30 percent fictitious members in the shareholders’ list to show a massive growth rate to its existing and would-be members. The Department ... Read more

ACC files two cases against 22 Destiny officials

Embezzlement of Tk 3,285cr ACC files two cases against 22 Destiny officials The Anti-Corruption Commission on Tuesday filed two cases against 22 senior executives of the Destiny 2000, including its president M Harun-ur-Rashid, also former army chief, and managing director Mohammad Rafiqul Amin for allegedly laundering about Tk 3,285 crore. The cases were filed separately ... Read more

4 Destiny top shots quizzed

The Anti-Corruption Commission yesterday quizzed four top officials of Destiny Group, including its chairman Rafiqul Amin, over various irregularities in the multilevel company. The outcome of the grilling, however, could not immediately be known. The seven-hour interrogation that

All but 2 Destiny accounts frozen

Govt to form commission soon to probe irregularities The Bangladesh Bank yesterday froze the bank accounts of all the directors of Destiny Group and its associated organisations for one month. However, the accounts of Boishakhi TV and Bangla daily Dainik Destiny — two sister concerns of the group — have not been frozen

Destiny 2000 bank account frozen

Tk 100cr tax anomalies found so far; HC asks govt to sue Destiny for construction on beach The National Board of Revenue (NBR) yesterday asked banks to freeze the accounts of Destiny 2000 Ltd, a major arm of Destiny Group, to check whether it had been involved in tax anomalies, said an NBR official. The ... Read more

Over Tk 100cr tax anomalies found

Destiny Group Over Tk 100cr tax anomalies found 5 more bank accounts frozen The National Board of Revenue (NBR) has detected anomalies of over Tk 100 crore in tax and VAT dodging by two concerns of the Destiny Group, officials said. Destiny Tree Plantation was found to have dodged tax over Tk 70 crore while ... Read more

Former army chief Harun resigns as SCF secy gen

Former army chief and member of board of director of much talked about DESTINY-2000 Ltd, retired Lieutenant General M Harun-Ar-Rashid, on Wednesday resigned as the secretary general of Sector Commanders’ Forum. ‘I handed in my resignation letter to the chairman of the Sector Commanders’ Forum

Destiny seeks to clarify

Muhith’s Refusal Destiny seeks to clarify The Destiny Group yesterday said Finance Minister AMA Muhith refused to meet its delegation on Sunday as he was very busy with an official matter. The four-member delegation included Chairman Rafiqul Amin and President Lt Gen (retd) M Harun-Ar-Rashid. A statement, which came following reports on Muhith’s refusal to ... Read more

Destiny plea against BB report rejected

Commerce ministry for separate commission to probe MLM fraud The High Court yesterday rejected a writ petition filed by Destiny Multipurpose Cooperative Society Ltd challenging the Bangladesh Bank report that raised allegations against the company of illegal banking. The court termed the petition premature as the central bank has not taken any action against Destiny. ... Read more

Destiny challenges central bank report

Files petition with HC; sues 4 newspapers for Tk 5,000cr compensation Destiny Multipurpose Cooperative Society Ltd yesterday filed a writ petition with the High Court, challenging the Bangladesh Bank report that said the company had been doing illegal banking. Md Rafiqul Amin, chairman of the cooperative and also Destiny Group, lodged the petition, seeking a ... Read more