The High Court on Tuesday asked bdnews24.com editor-in-chief Toufique Imrose Khalidi to explain in 10 days why his bail that was granted by the lower court in a money-laundering case would not be cancelled.

The virtual bench of Justice Md Nazrul Islam Talukder and Justice Ahmed Sohel issued the rule.

Anti-Corruption Commission sought cancellation of Khalidi’s bail granted by Dhaka Metropolitan Senior Special judge KM Emrul Kayes on October 20.

Earlier, another High Court bench granted eight-week bail to Khalidi and the Appellate Division later upheld his bail.

ACC on July 30 sued Khalidi on charge of amassing Tk 40 crore beyond his known sources of income.
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The ACC filed the case alleging that Khalidi deposited Tk 420 million into different bank accounts after receiving the money ‘through fraud and in an illegal way by creating fake documents’.

Khalidi’s lawyers contended that the commission began examining a deal and subsequently started the case against him after Bdnews24.com announced a Tk 500 million investment by an asset management company in the news publisher in October 2019.