Court freezes 1,360 bank accounts of S Alam Group chairman
Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib passed the order
A Dhaka court today (17 April) ordered authorities to freeze another 1,360 bank accounts, with Tk2,619 crore, in the name of S Alam Group Chairman Mohammad Saiful Alam and individuals linked to his interests.
Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib passed the order, allowing a plea from the Anti-Corruption Commission (ACC).
Confirming the matter to reporters, ACC Deputy Director Akterul Islam said the anti-graft body has already formed a joint investigation team to probe money laundering allegations against Saiful and people related to him.
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"The people concerned with his interests are trying to hand over or transfer money from different branches of First Security Bank PLC. It would be hard to recover the money if they succeed in doing so and that is why the accounts should be frozen," the plea added.
