A Dhaka court has sentenced Regent Group Chairman Md Shahed alias Shahed Karim to three years in jail in a case filed by Anti-Corruption Commission (ACC) for amassing illegal wealth.

Judge Prodip Kumar Roy of Dhaka Special Judge Court-7 announced the verdict on Monday.

The court also fined him Tk 1 lakh and ordered to deposit the money to the government treasury within the next 60 working days.

The anti-graft body on March 1 in 2021, filed the case for amassing illegal wealth of Taka 1.69 crore. Court framed charges against the sole accused on April 17, 2022, and initiated the trial.

A total of 10 witnesses testified in the case on different hearing dates.