Staff Correspondent:

A court here on Wednesday ordered to freeze shares, owned by S Alam Group owner Mohammed Saiful Alam and his family members, worth more than Taka 5,109 crore of different companies and profit against the shares.

Dhaka Metropolitan Senior Special Judge Zakir Hossain Galib passed the order, allowing a plea of the Anti-Corruption Commission (ACC).

The ACC in its plea said the agency is probing allegations of laundering USD one billion to different countries including Singapore, British Virgin Island, and Cyprus, against Mohammed Saiful Alam and his family members.

“During the investigation, we have received information of these 437, 85, 02, 247 shares owned by Mohammed Saiful Alam and his family members of 42 companies.

The nominal value of these shares is Taka 5109, 67, 96, 260. If the accused can transfer or hand over these shares, all our efforts will go in vain. So these shares and profits against these should be frozen,” the plea added.