A court in Dhaka has ordered the authorities concerned to freeze 125 bank accounts belonging to the chairman of S Alam Group, Mohammad Saiful Alam, and his family members.
Dhaka Metropolitan Senior Special Judge Court’s vacation judge Md Ibrahim Mia passed the order on Thursday in response to a petition filed by Md Abu Sayeed, investigation officer and also deputy director of the Anti-Corruption Commission (ACC).
In the petition, the investigation officer has claimed to have found that there are 125 bank accounts in various branches of the First Security Islami Bank PLC and those hold a substantial amount of money.
The ACC officer also claimed that during the investigation into allegations of laundering $1 billion to Singapore, the British Virgin Islands, Cyprus and other countries, it was found information against S Alam Group Chairman Mohammad Saiful Alam and his family members.
According to the ACC, it is primarily proved that Saiful Alam and his family members deposited the money in these accounts to conceal their illegally obtained wealth.
The official said there is concern that this money could be withdrawn at any time and laundered abroad or hidden.
So, the ACC requested the court to freeze all these 125 bank accounts, containing Tk 22.65 crore, for the sake of a transparent investigation, said the ACC office.
And after reviewing the matter, the court ordered to freeze the accounts belonging to the chairman of S Alam Group, Mohammad Saiful Alam, and his family members.
