Travel ban imposed on Delta Group Chairman Faruk, wife
Faruk is accused of obtaining loans worth Tk2,250 crore from various banks in Dhaka, money laundering abroad through over-invoicing and fake LCs, and acquiring illegal assets.
A Dhaka court has imposed an order banning Delta Group Chairman AKM Faruk Ahmed and his wife, Ferdous Ara Begum, from travelling outside the country.
Judge Md Sabbir Faiz of the Dhaka Senior Special Judge's Court passed the order today (7 January) after hearing a petition filed by the Anti-Corruption Commission's (ACC) Assistant Director Md Saifur Rahman, said the court's bench assistant, Md Riaz Hossain.
Faruk is accused of obtaining loans worth Tk2,250 crore from various banks in Dhaka, money laundering abroad through over-invoicing and fake LCs, and acquiring illegal assets.
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In its plea for the travel ban, the ACC said it has learned that the two accused are trying to leave the country. The restriction aims to ensure proper investigation of the allegations.
