Court orders freezing 10 bank accounts of Gemcon Director Kazi Inam Ahmed
The bank accounts hold a total of Tk1.19 crore.
A Dhaka court has ordered the freezing of 10 bank accounts belonging to Kazi Inam Ahmed, a director of Gemcon Group, following allegations of corruption.
The order was passed today (15 April) by Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz following a petition filed by the Anti-Corruption Commission (ACC), confirmed Bench Assistant Md Riaz Hossain.
On behalf of the ACC, Assistant Director and investigating officer AKM Mortuza Ali Sagar submitted the application.
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The bank accounts hold a total of Tk1.19 crore.
According to the application, Kazi Inam Ahmed is accused of acquiring assets worth Tk32.66cr, which is inconsistent with his known sources of income. The ACC has filed a case under the Anti-Corruption Commission Act, alleging that a total of Tk74.78cr was transacted in an unusual and suspicious manner through 14 bank accounts operated in his name, involving transfer, conversion and movement of funds in what is suspected to be money laundering.
The case is currently under investigation. During the probe, authorities identified movable assets linked to the accused.
Investigators also stated that there is a risk that the accused may attempt to transfer or dispose of these assets or leave Bangladesh to evade the law.
The application further said, "Therefore, freezing the assets deemed necessary in the interest of the ongoing investigation."
