Dhaka: A court here today ordered to freeze Taka 8,133,56,72,000 bank deposits belonging to businessman S Alam and his family. Dhaka Metropolitan Senior Special Judge Zakir Hossain Galib passed the order in response to a plea filed by Anti-Corruption Commission (ACC) Deputy Director Tahasinul Munabil Huq.
According to Bangladesh Sangbad Sangstha, the investigation officer mentioned that this money has been deposited in 227 accounts of various banks and financial institutions. He also informed the court about an ongoing investigation into allegations of money laundering against S Alam Group Chairman Mohammad Saiful Alam. The investigation revealed that Saiful Alam and his associates had taken loans from different banks illegally, embezzled them, and amassed wealth in their own names and those of their family members, both domestically and internationally.
Based on information from various sources, it was reported that Saiful Alam and his family members might be attempting to transfer, relocate, or misappropriate the movable assets. The plea emphasized that transferring or relocating the assets before the investigation’s conclusion would make it challenging to recover the money later. Therefore, to ensure legal procedures and fair judgment, freezing the properties was deemed necessary.
Earlier, on February 12, Dhaka Metropolitan Senior Special Judge Zakir Hossain Ghalib ordered the freezing of shares in 42 companies worth Taka 5109,67,96,260 owned by S Alam Group Chairman Mohammad Saiful Alam and his family members, along with all profits derived from the shares. On January 30, the same court ordered the seizure of 175 bighas of land in the name of S Alam Group chairman Saiful Alam and his family, with a declared property value of Taka 368,25,63,500.