Bangladesh, December 13, 2012 -- Mohammad Rafiqul Amin, Destiny Group chairman, and Mohammad Hossain confessed to embezzling investors' funds in separate statements made today in court. According to Amin's statement, he and other company executives misappropriated Tk 3,350 crore which was collected from investors in Destiny 2000 and other Destiny Group projects.
Amin and Hossain previously confessed to embezzling additional funds from the Destiny Tree Plantation project, which sold packages to investors claiming an increase 6 times in value over 12 years.
After recording the statements of Amin and Hossain, the court sent the two to jail.
