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Bangladesh opposition leader Khaleda Zia's son jailed for 7-year for money laundering

06:54 PM | 21 Jul, 2016
Bangladesh opposition leader Khaleda Zia's son jailed for 7-year for money laundering
DHAKA - A Bangladesh court on Thursday sentenced the eldest son of the main opposition leader Khaleda Zia to seven years in prison for money laundering.

The high court convicted 51-year-old Tarique Rahman, overturning a 2013 acquittal by a lower court, and sentenced him to seven years in jail.

Defense lawyer Zainul Abedin said the court also fined him 200 million takas ($2.54 million). Abedin said they have not decided if they will file an appeal with the Supreme Court.

A Dhaka trial court in 2013 acquitted Rahman of charges that he and a businessman friend siphoned off 204.1 million takas to Singapore between 2003 and 2007.

“The high court said Tarique Rahman influenced political power to help his close friend Giasuddin Mamun to get and then launder 200 million taka ($2.5 million),” Deputy Attorney General Moniruzzaman Kabir said.

“Mamun took the money as a bribe for securing a power plant contract for a construction company and laundered the money to a Singapore account.” Kabir said Rahman had taken 45 million taka from the account.

He was sentenced to seven years in jail and fined 200 million taka, the attorney general said. Rahman will now be barred from politics unless the Supreme Court overturns his conviction, Kabir said.

Tarique Rahman lives in exile but remains an opposition figure and heir apparent to his mother, former Prime Minister Khaleda Zia, whose rivalry with Prime Minister Sheikh Hasina runs deeps and strong in Bangladesh.

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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