The Supreme Court today dismissed two separate petitions filed by Destiny Group Managing Director Md Rafiqul Amin, seeking bail in two money laundering cases involving Tk 4,200 crore.

A four-member bench of the Appellate Division headed by Chief Justice Syed Mahmud Hossain delivered the dismissal orders as it has concluded hearing on the bail petitions on September 24.

Anti-Corruption Commission's lawyer Khurshid Alam Khan told The Daily Star that Rafiqul Amin cannot be released from jail following the SC order.

Lawyers Abdul Matin Khasru and Sayeed Ahmed appeared for Rafiqul Amin while Khurshid Alam Khan argued for the ACC during the court proceedings.

On August 20, the HC bench of Justice Md Nazrul Islam Talukder and Justice Ahmed Sohel rejected the bail petitions of Rafiqul Amin as he did not pay any money to the government in line with the Appellate Division order.

Then, Rafiqul Amin, who is now in jail, filed the two petitions with the Appellate Division, challenging the HC's rejection orders.

On November 13, 2016 Destiny Group MD Rafiqul and Destiny Multipurpose Cooperative Society Ltd Chairman Mohammad Hossain were granted bail by the Appellate Division on condition that they must pay the government Tk 2,800 crore in six weeks by selling 35 lakh matured trees planted under the company's tree plantation project.

Rafiqul and Mohammad Hossain have not paid the money yet in line with the SC directive.