Former BCIC accounts chief Iqbal's Tk8cr assets seized, bank accounts frozen
During his tenure, he allegedly embezzled Tk38.83 crore by submitting numerous fake and forged bills and vouchers
A Dhaka court has ordered the seizure of land, flats, and the freezing of bank accounts belonging to Khondkar Md Iqbal, former chief accounts officer of the Bangladesh Chemical Industries Corporation (BCIC), and his wife Halima Akhter.
Acting on an application filed by the Criminal Investigation Department (CID), Md Sabbir Faiz, special judge of the Dhaka Metropolitan Sessions Court, passed the order today (5 January).
The court ordered the seizure of 23.5 kathas of land, 11 shares of 392.7323 decimals of land, and 12 flats registered in the names of Iqbal and his wife.
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The estimated value of the seized assets is Tk8.47 crore, court bench assistant Md Riaz Hossain confirmed.
CID Sub-Inspector Moniruzzaman filed two separate petitions seeking the seizure and freezing of the assets.
According to the seizure application, accused Khondkar Muhammad Iqbal (42) served as assistant chief accounts officer and head of the accounts department at BCIC.
During his tenure, he allegedly embezzled Tk38.83 crore by submitting numerous fake and forged bills and vouchers related to the Shahjalal Fertiliser Project.
Using the embezzled money, he allegedly purchased flats, vehicles and land and committed money laundering, thereby amassing substantial wealth.
The application further states that the investigation identified immovable assets including 23.5 kathas of land, 392.7323 decimals of land, 11 shares and 12 flats, together valued at Tk8 crore 47 lakh 66 thousand 590.
Investigators warned that without a seizure order, there was a risk that the assets could be transferred or disposed of before the case is concluded.
To ensure a fair investigation, it was necessary to prevent the accused and related persons from transferring, converting or selling the properties.
