Former BSEC chairman Shibli Rubaiyat sent to jail

Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib issued the order on Wednesday afternoon and scheduled a hearing for Thursday regarding the ACC�s request for a 10-day remand.  

Court sources confirmed that Shibli Rubaiyat was presented before the court around 4:30 pm, with Public Prosecutor Mahmud Hossain Jahangir representing the ACC during the proceedings.  

The case, filed earlier on Wednesday by ACC Deputy Director (Money Laundering) Md Masudur Rahman, accuses Shibli Rubaiyat and five others of bribery and financial misconduct. Among the other accused are Monarch Holding Corporation Chairman Javeed A Matin, Jhine Bangla Fabrics owner Ariful Islam, and three officials from Mutual Trust Bank PLC�s Dilkusha branch�ex-Foreign Exchange Department in-charge Israt Jahan, Vice President Iqbal Hossain, and SEVP Syed Mahbub Morshed.  

According to the case statement, Shibli Rubaiyat allegedly accepted bribes totaling Tk 1.92 crore through a falsified house rental agreement. He is also accused of facilitating fraudulent exports by fabricating sales contracts.  

Additionally, the accused bank officials reportedly brought $361,000 into Bangladesh without proper documentation or due diligence, violating banking regulations. Of this amount, Shibli Rubaiyat allegedly received Tk 1.84 crore personally.  

The court will hear further arguments on the remand petition in the next session.