The High Court yesterday granted conditional bail to two former members of North South University's (NSU) trustee board -- MA Kashem and Rehana Rahman -- in a Tk 304 crore money laundering case.

According to the conditions, accused Kashem and Rehana cannot enter the NSU premises or leave the country without permission from the court concerned.

The HC bench of Justice SM Kuddus Zaman and Justice Fahmida Quader granted them bail after holding hearing on two bail petitions filed by Kashem and Rehana.

They will get released from Kashimpur jail if the Appellate Division does not stay the HC verdict that granted bail to them, said their lawyer Sayeed Ahmed Raza.

He said the HC granted bail to his clients considering their old age, anomalies in the FIR and lack of sufficient evidence against them in the  probe report. On August 2, another HC bench refused to grant bail to Kashem and Rehana but issued two rules asking the state and the ACC to explain why they should not be granted bail.