A court has ordered the seizure of 1,360 bank accounts belonging to S. Alam Group Chairman Mohammad Saiful Alam and his associates.
On April 17 (Thursday), Dhaka Metropolitan Sessions Judge Mohammad Zakir Hossain Galib issued the order following an application by the Anti-Corruption Commission (ACC). The petition was filed by ACC Deputy Director Tahasin Munabeel Hossain.
The petition stated that Mohammad Saiful Alam and his associates were attempting to transfer or misappropriate funds from various accounts at First Security Islami Bank. The ACC argued that without the seizure of these accounts, it would be difficult to recover the funds once transferred. Therefore, the accounts needed to be frozen to ensure a fair investigation.
The court’s order covers accounts holding a total of approximately 2,619 crore Taka.
Previously, on January 16, the same court ordered the seizure of shares worth 3,563 crore 84 lakh 21 thousand Taka held by Saiful Alam and his family members. On February 3, another order was issued for the seizure of assets worth 368 crore 25 lakh 63 thousand 500 Taka, including 175 bighas of land.
