The High Court today granted permanent bail to Mohammad Imran Hossain, owner of Sadeeq Agro, in a case filed over laundering Tk 133 crore.

The bench of Justice KM Zahid Sarwar and Justice Sheikh Abu Taher issued the order after final hearing of a petition filed by Imran last year seeking bail.

Barrister AM Mahbub Uddin Khokon represented Imran, while Deputy Attorney General Md Ashiquzzaman Nazrul and Assistant Attorney General Md Al Amin appeared for the state.

DAG Nazrul told The Daily Star that the state will move an appeal before the Appellate Division of the Supreme Court challenging the bail order.

Imran was arrested on March 3 last year by the CID’s Financial Crime Unit in a money laundering case filed with Mohammadpur Police Station under the Prevention of Money Laundering Act.

Allegations included laundering Tk 133 crore with two others, smuggling cattle from Bhutan, Nepal, Myanmar, and Thailand, and fraudulently advertising Bangladeshi cows and goats as foreign breeds for sale at high prices in sacrificial animal markets.

Sadeeq Agro came under scrutiny in 2024 after controversy over a Tk 15 lakh goat sold to Mushfiqur Rahman Ifat, son of former NBR member Matiur Rahman. Subsequent investigations were launched by the Anti‑Corruption Commission and the National Board of Revenue.