The High Court on Tuesday rejected the bail plea of Hallmark Group chairperson Jasmine Islam in a graft case filed over embezzlement of nearly TK 86 crore from a bank.

A division bench of justices Md Nazrul Islam Talukder and Khizir Hayat rejected the bail plea of Jasmine.

Advocate Mansurul Haque Chowdhury appeared for the businesswoman, while advocate Khurshid Alam Khan represented the Anti-Corruption Commission (ACC).

Earlier on March 10, 2019, the High Court granted bail to Jasmine in the case of embezzlement of Tk 85.87 crore from Janata Bank via a fake letter of credit.

Later, the ACC filed a petition challenging the bail order.

After hearing the appeal, the Appellate Division cancelled her bail and asked her to surrender within four weeks, on June 16, the same year.

Jasmine, also the wife of the Hallmark Group managing director Tanvir Mahmud, subsequently surrendered before the lower court and applied for bail in the High Court.

The High Court then issued a rule over her bail plea.

On November 1, 2016, Joynal Abedin, deputy assistant director of the anti-graft body, filed the case against 16 people, including Jasmine, at Motijheel police station in Dhaka.

Later that day, the ACC arrested her from the capital`s Bangsal area.