The High Court has ordered the submission of a list of properties held by S Alam Group and their family members, both domestically and internationally.
The concerned parties, including the law secretary, have been directed to implement this order within the next four weeks.
The High Court bench, comprising Justice Md Kamrul Hossain Mollah and Justice Kazi Zinat Hoque, issued the order on Sunday following a hearing on the related writ petition.
The petitioner’s lawyer, Md Rukunuzzaman, represented the case in favor of the writ.
Earlier, a writ was filed seeking a list of all assets owned by S Alam Group and an injunction on the transfer or sale of those assets.
The writ petition requested the submission of a list of all immovable properties held by S Alam Group, its shareholder directors, and their family members.
Additionally, it sought details of all loans taken from various banks and financial institutions by S Alam Group to date, the current status and liabilities of those loans, a list of any assets transferred abroad, and an order to seize their properties.
The petition also called for a travel ban on the company's directors and their family members without court approval.
On September 11, the petitioner’s lawyer sent legal notices to relevant authorities, requesting information and action regarding the total amount of loans taken by the shareholders, directors, and other business-related entities of S Alam Group from banks or financial institutions, along with their current status and liabilities.
Notices were sent to the governor of Bangladesh Bank, the finance secretary, the law secretary, the chairman of the Anti-Corruption Commission (ACC), and S Alam Group’s Chairman Saiful Alam, among others.
However, after receiving no response to the notice, the lawyer filed the writ with the High Court.
