All accounts belonging to South Bangla Agriculture and Commerce Bank Chairman SM Amzad Hossain and his wife and daughter have been frozen for 30 days on charges of graft.
The instruction came from the Bangladesh Financial Intelligence Unit, the arm of the central bank that monitors illicit financial flows, on March 11.
The BFIU also asked the banks to provide details of the accounts belonging to Hossain, his wife Sufia Amzad and daughter Tazri Amzad within three days.
The BFIU’s move comes after the Anti-Corruption Commission on January 7 imposed a travel ban on the three as part of its investigation into allegations of loan irregularities by Hossain, chairman and chief executive officer of Lockpur Group of Industries and the founding chairman of SBAC.
