HC approves appointment of new Destiny-2000 chairman
On 12 May 2022, a Dhaka court sentenced 46 people, including Destiny Group President and former army chief Harun-ar-Rashid and Managing Director Rafiqul Amin, to various terms of imprisonment and fined them Tk2,300 crore
The High Court today approved the appointment of Barrister Prashant Bhushan, a Supreme Court lawyer, as the new chairman of the board of directors of Destiny-2000.
The court also accepted the resignation of the previous chairman Fakhruddin Ahmed.
The High Court's single-judge bench of Justice Khizir Ahmed Choudhury passed the order, said Barrister Mejbahur Rahman, a lawyer for Destiny's board of directors.
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He said after the resignation of Fakhruddin Ahmed from the chairmanship of Destiny's board, the High Court with the consent of its members, appointed Barrister Prashant Bhushan Barua as the chairman.
At the same time, Fakhruddin Ahmed's resignation letter was accepted.
Earlier in 2012, 16 shareholders of Destiny's board of directors had filed a petition in court to hold an AGM.
Based on their petition, the High Court reconstituted the board of directors of Destiny-2000 Limited on 1 September 2022, with former High Court Justice Moinul Islam Chowdhury as chairman.
At the same time, this board was allowed to hold the company's annual general meeting. The 17-member board was reconstituted, retaining nine of the previous members.
Former district judge Hasan Shahed Ferdous, barrister Margub Kabir, Fakhruddin Ahmed and businessmen Md Iqbal Zaman were made members of the new board of directors.
Last year on 14 June, retired High Court Justice Moinul Islam Chowdhury, chairman of the board of directors of Destiny-2000 Limited, and board member Barrister Margub Kabir resigned from their positions. They submitted their resignation letters to the High Court citing personal reasons.
Later, on 25 July of last year, Fakhruddin Ahmed became the new chairman of the board of directors who had also resigned recently.
An application was submitted on behalf of Destiny to accept his resignation letter and appoint a new chairman. The High Court has accepted that application.
The Anti-Corruption Commission (ACC) had filed a case alleging embezzlement and misappropriation of about Tk 1,861 crore of Destiny Multipurpose Cooperative Society.
On 12 May 2022, a Dhaka court sentenced 46 people, including Destiny Group President and former army chief Harun-ar-Rashid and Managing Director Rafiqul Amin, to various terms of imprisonment and fined them Tk2,300 crore.
