The High Court on Thursday acquitted expelled Jubo League leader Golam Kibria Shamim, alias GK Shamim, in the money laundering case.
The HC bench of Justice ASM Abdul Mobin and Justice Jabid Hossain passed the order after hearing a petition.
Barrister Ruhul Kuddus and Barrister Kaiser Kamal stood for GK Shamim, while Deputy Attorney General Hemayet Ullah represented the state.
On July 17, 2023, a Dhaka court sentenced GK Shamim to 10 years' imprisonment.
The court also sentenced seven of his bodyguards to four years in jail each for assisting GK Shamim in acquiring the laundered money.
They were Delwar Hossain, Morad Hossain, Jahidul Islam, Shahidul Islam, Kamal Hossain, Samsad Hossain and Anisul Islam.
The court also fined them Tk 3.83 crore, in default to suffer one year more in rigorous imprisonment.
Later, GK Shamim filed an appeal petition challenging the lower court order.
Earlier, on September 25, 2022, a Dhaka court sentenced GK Shamim and his seven bodyguards to life imprisonment in an arms case.
GK Shamim, who was known as an influential contractor of Sabujbagh, Basabo and Motijheel areas of the capital, was arrested on September 20, 2019, from the Niketan area during a drive against casinos and other anti-social businesses.
Seven of his bodyguards were also arrested during the raid.
RAB members seized Fixed Deposit Receipts (FDRs) worth Tk 165 crore, Tk 1.8 crore in cash and a huge stash of foreign currencies.
A foreign-made pistol, seven shotguns and a huge cache of bullets were also seized from the office of 'GKB & Company Pvt Limited'.
The elite force lodged three cases, one under the narcotics control, one under the money laundering prevention and the other under the arms acts, against Shamim with Gulshan police on September 21, 2019.
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