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A petition has been filed with the Appellate Division of the Supreme Court, seeking a stay on a High Court order that asked the authorities concerned to probe into the allegations against the owner of S Alam Group of amassing huge amounts of properties abroad without Bangladesh Bank's permission.
Mohammad Saiful Alam and his wife Farzana Parveen submitted the petition to the Appellate Division on Monday through their lawyers.
Justice M Enayetur Rahim, Chamber Judge of the Appellate Division, set Wednesday for hearing the petition, said Muhammad Saifullah Mamun, a lawyer for the petitioners.
Senior lawyers Ajmalul Hossain and Ahsanul Karim appeared in the court hearing for S Alam Group, while Mintu Kumar Mondal on behalf of Khurshid Alam Khan stood for Anti-Corruption Commission (ACC).
Earlier, the High Court refused to entertain an appeal for recalling its August 6 order that had directed the authorities concerned to conduct inquiry into the allegations against S Alam Group owner Mohammad Saiful Alam regarding the transfer and investment of huge amount of money abroad.
On August 6, the same High Court bench directed the authorities concerned to conduct inquiry into the allegations against S Alam Group owner.
The Anti-Corruption Commission (ACC), the Bangladesh Financial Intelligent Unit (BFIU) and the Criminal Investigation Department (CID) of Police have been asked to comply with the direction. The organisations have to submit the inquiry report to the HC within two months.
The High Court bench passed the order after considering a report published in an English daily on August 4 under the headline “S Alam’s Aladdin’s lamp”.
Supreme Court lawyer Syed Sayedul Haque Suman placed the newspaper report before the HC bench seeking necessary directives.
According to the published report, S Alam Group owner Saiful Alam has built a business empire in Singapore worth at least about $1 billion, although there is no record of him taking any permission from Bangladesh Bank to invest or transfer any funds abroad.
The central bank has so far allowed 17 companies to invest outside the country, and this Chattogram-based business giant is not on that list.