The court has ordered the freezing of bank accounts belonging to the chairman of S Alam Group, Mohammad Saiful Alam, and his family members.
On Thursday, Dhaka Metropolitan Senior Special Judge Court’s vacation judge, Md Ibrahim Mia, issued the order in response to an application filed by the Anti-Corruption Commission (ACC).
ACC Deputy Director Md Abu Sayeed, the investigating officer, filed the application to freeze the accounts.
The application said that during an investigation into allegations of laundering $1 billion to Singapore, the British Virgin Islands, Cyprus, and other countries, it was found that Saiful Alam and his family members held significant sums in 125 accounts across various branches of First Security Islami Bank.
The amounts in these accounts were deemed abnormal and suspicious.
According to the ACC, it is initially evident that Saiful Alam and his family deposited the funds in these accounts to conceal illegally obtained wealth. There is concern that this money could be withdrawn at any time and laundered abroad or hidden.
To ensure a fair investigation, the ACC requested freezing the accounts, which hold a total of Tk22.65 crore.
After reviewing the matter, the court ordered the freezing of the accounts, confirmed Aminul Islam, Deputy Director of the ACC Prosecution Division.
