TDS Desk

A Dhaka court has ordered the authorities concerned to freeze 125 bank accounts of Saiful Alam, head of business conglomerate S Alam Group and his family members.

The accounts at present reportedly hold a total of Tk 22.65 crore.

Acting Judge Mohammad Ibrahim Mia of the Dhaka Metropolitan Sessions Judge Court passed the order on Thursday in response to a petition filed by Md Abu Sayed, investigation officer, also deputy director of the Anti-Corruption Commission (ACC).

The investigation officer has claimed to have found that there are 125 bank accounts in various branches of the First Security Islami Bank PLC and those hold a substantial amount of money.

This was deemed unusual and suspicious, the ACC officer said in the petition claiming to have found the information during the investigation into allegations of laundering $1 billion to Singapore, the British Virgin Islands, Cyprus and other countries against S Alam Group Chairman Mohammad Saiful Alam and his family members.

It is primarily proved that Saiful Alam and his family members deposited the money in these accounts to conceal their illegally earned wealth, he said.

During the investigation, it was also found that there is a possibility of withdrawing these funds at any time for laundering those abroad, according to the statement of the petition.

In this context, all these 125 bank accounts containing Tk 22.65 crore should be stopped for the sake of a transparent investigation, said the ACC office.