The High Court has rejected a bail petition of Destiny chairman Mohammad Hossain in a case filed over embezzlement of money.

Besides, directive has been given for quick disposal of a case which is now at the stage of recording depositions at a judicial court.

The High Court bench comprising Justice Md Nazrul Islam Talukder and Justice Khizir Hayat passed the order on Thursday.

Advocate M Sarwar Hossain held the hearing in favour of the petition at the HC bench.

On the other hand, Deputy Attorney General AKM Amin Uddin Manik stood for the state while Advocate Mohammad Khurshid Alam Khan appeared for the Anti-Corruption Commission (ACC).

On July 31, 2012, ACC deputy director Md. Mozahar Ali Sardar and Assistant Director Md Towfiqul Islam filed two cases against Destiny Multipurpose Cooperative Society and Destiny Tree Plantation Project 2000 chairman at Kalabagan Police Station in Dhaka on charge of embezzlement of money.

In one of these cases, a judicial court on May 12 last year delivered judgement. In its verdict, the judicial court sentenced a total of 46 people, including managing director Rafiqul Amin, to various terms of imprisonment and fined Tk 2,300 crore. In that case, Mohammad Hossain was sentenced to 10 years imprisonment and a fine of Tk 15 lakh.

Later, on an appeal against the judgment, the High Court accepted the appeal and suspended the fine. And the tree plantation project money embezzlement case is at the stage of taking evidence in the judicial court. Mohammad Hossain appealed to the High Court after the lower court rejected the bail application in this case. The application was rejected on Thursday.