The Attorney General of Kuwait decided to imprison Bangladeshi MP Mohammad Shahid Islam Papul -- accused in money laundering, human trafficking, visa trading and bribery -- for 21 days in the central prison. According to the Arab Times, the Kuwaiti Public Prosecutor decided to continue the imprisonment of the remaining accused and to release the owner of a company on bail of 2,000 dinars. Earlier, Kuwait public prosecution approached the Central Bank to freeze the bank accounts of Shahid and his company.

Informed sources had stated that the financial balance of the company amounts to about 5 million dinar, including 3 million as company's capital. Criminal Investigation Department (CID) of Kuwait detained Shahid, a lawmaker of Laxmipur-2 and also managing director and CEO of the company there, on June 6.

The taka continued appreciating due to a massive fall in import payments and rise in remittances. This helped the country's foreign exchange reserve surpass the $35-billion mark for the first time this week, according to data from the central bank. Typically, an increase in the value of one currency makes imports cheaper and exports costlier.

Bankers and an economist said the central bank will have to step in to stop the appreciating trend of the taka in the interest of the country's export sector, or else it will impact badly the financial sector as a whole in the days to come. The exchange rate stood at Tk 84.8 to the dollar. Expatriate Bangladeshis sent remittances amounting to $1.41 billion in the first 23 days of June, which is higher than the same period a year ago when the inflow stood at $1.36 billion.

The number of bank accounts with more than Tk 1 crore in deposit increased by 11 percent in 2019, according to a report by Bangladesh Bank. The BB report showed that the number of such accounts increased to 83,839 as of December 31, 2019, against 75,563 in December 2018. Considering the number of bank accounts in the banking sector, such accounts represent 0.079 percent of the country's 10.66 crore bank accounts.

Although that constitutes a tiny portion of the country's total bank accounts, the deposits with such accounts were holding 43.39 per cent of deposits in the country's banking system, Tk 12.14 lakh crore.The total of the balances in the bank accounts with more than Tk 1 crore in deposits increased by 10.1 per cent or Tk 48,337 crore in the year 2019, reflecting a rapid increase in wealth accumulation by the country's rich people.

The High Court, in a full judgement, observed that the mobile court law has not empowered executive magistrates to conduct trials of children. "We have not found anything in the Mobile Court Act, 2009 that empowers the executive magistrates to conduct trial of a child accused. Rather, the Children Act, 2013 being the subsequent special law, the provisions of the same will override in case of any conflict of it with the Mobile Court Act, 2009," the HC bench of Justice Sheikh Hassan Arif and Justice Md Mahmud Hasan Talukder said.

Earlier on March 11 this year, the bench scrapped the convictions and jail sentences handed down by executive magistrate-run-mobile courts to juveniles across the country. The full text of the verdict was released last night after judges of the HC bench signed it. Delivering verdict on a suo moto (voluntary) rule, the court observed that the process under which executive magistrates convicted and sentenced 121 children through mobile courts is inhuman and in violation of human rights.