The man has already been convicted and sentenced to life imprisonment in an arms case
The High Court on Monday scrapped a bail plea of Regent Group Chairman Md Shahed alias Shahed Karim in a money laundering case.
The 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).
Also Read: Sylhet court sends Shahed to jail in 3 fraud cases
Criminal Investigation Department (CID) Inspector Ibrahim Hossain filed the case on August 25 last year against Shahed and Regent Group Managing Director Masud Pervej for amassing Tk11 crore through fraud and laundering the money abroad.
Shahed was arrested by RAB from Debhata upazila of Satkhira on July 15 last year while Pervej was picked up from Gazipur on July 14.
Shahed has already been convicted and sentenced to life imprisonment in an arms case.
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