Court orders to freeze former Premier Bank director Imran Iqbal’s shares worth Tk36 Cr
According to the petition, Imran Iqbal acquired assets worth Tk45.73 crore. In his tax records from the 2007-08 to 2023-24 fiscal years, he reported income of Tk46.97 crore and expenditures of Tk6.27 crore.
A court has ordered to freeze 32.24 lakh shares of 10 companies owned by Mohammad Imran Iqbal, son of former Premier Bank chairman HBM Iqbal and director of the bank.
The total value of the shares is Tk36.20 crore. The order was issued by Judge Mohammad Abdullah Al Mamun of Dhaka's Special Judge-5 Court today (9 December), following a petition filed by the Anti-Corruption Commission (ACC). ACC Prosecutor Delwar Jahan Rumi confirmed the development.
According to the petition, Imran Iqbal acquired assets worth Tk45.73 crore. In his tax records from the 2007-08 to 2023-24 fiscal years, he reported income of Tk46.97 crore and expenditures of Tk6.27 crore.
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Excluding family expenses, his net savings amounted to Tk40.71 crore. The petition said that Imran Iqbal illegally acquired assets worth Tk5.03 crore, inconsistent with his known sources of income, constituting an offense under Section 27(1) of the Anti-Corruption Commission Act 2004.
An investigation officer has been appointed to probe the case. The ACC further stated that not all of Imran Iqbal's assets could be precisely identified. To prevent him from transferring or concealing immovable assets during the investigation, the court deemed it necessary to freeze his shares.
Earlier, on 25 November, the court imposed a travel ban on HBM Iqbal, chairman of Premier Bank, and 20 others in connection with corruption allegations.
