The High Court made the observation in the judgment ordering the government to return the money to the businesses, which was upheld by the Appellate Division on Mar 16. The Supreme Court published the full Appellate Division verdict scrapping the Bangladesh Bank appeals to overturn the High Court order on Wednesday. The High Court ordered the government to return Tk 6.15 billion to 11 companies, which wanted back the amount 'confiscated' from them during the military-installed caretaker administration. Between April 2007 and November 2008, a huge amount of money was confiscated from almost 40 businessmen and organisations and kept with the Bangladesh Bank. Finance Minister AMA Muhith told the Parliament in 2010 that the funds confiscated during the emergency regime were worth almost Tk 12.32 billion.

Source: bd News24 May 17, 2017 20:26 UTC