The Bangladesh Financial Intelligence Unit (BFIU) on Sunday instructed banks to freeze the accounts of Summit Group Chairman Muhammad Aziz Khan, along with his brothers and other family members.
This directive, issued through a formal letter, mandates a one-month suspension of transactions under the provisions of the money laundering prevention law.
Among the 11 individuals listed in the directive are notable figures such as former commerce minister Muhammad Faruk Khan and Faisal Khan, president of the Bangladesh Independent Power Producers Association.
The order extends to businesses owned by these individuals, ensuring that all transactions are similarly frozen for the same duration.
Summit Group, recognized as the largest private power producer in Bangladesh, is perceived to have gained from the previous Awami League government, which was overthrown in a mass uprising in early August.
Following the fall of Sheikh Hasina's regime, Summit and other conglomerates have faced intensified scrutiny from regulatory bodies, including the National Board of Revenue (NBR).