HC denies bail plea of Regent’s Shahed
Published: 05:55 PM, 24 May 2021
Regent Group Chairman Md Shahed alias Shahed Karim
The High Court (HC) on Monday scrapped a plea of Regent Group Chairman Md Shahed alias Shahed Karim, for bail in a case lodged under the money laundering prevention act.
An HC division virtual bench of Justice M Enayetur Rahim and Justice Sardar Md Rashed Jahangir passed the order.
Advocate Fazlur Rahman moved the plea for Shahed, while Advocate Khurshid Alam Khan vehemently opposed the petition for Anti-Corruption Commission (ACC).
Criminal Investigation Department (CID) inspector Ibrahim Hossain filed the case on August 25, 2020, against Shahed and Regent Group Managing Director Masud Pervej for amassing Tk 11 crore through fraud and laundering the money abroad.
Shahed was arrested by RAB from Debhata Upazila of Satkhira on the early hours of July 15, 2020, and was airlifted to the capital in the morning. On the other hand, Pervej was arrested from Gazipur on July 14.
Shahed has already been convicted and sentenced to life imprisonment in an arms case.