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The Bangladesh Financial Intelligence Unit (BFIU) has frozen the bank accounts of Mohammad Aziz Khan, chairman of Summit Group, along with 11 of his family members.
The freeze was implemented on Sunday and includes all personal and business accounts owned by the individuals.
The Summit Group chairman's family members whose accounts have been frozen include Mohammad Faisal Karim Khan, Anjuman Aziz Khan, Ayesha Aziz Khan, Adiba Aziz Khan, Zafar Uddin Khan, Mohammad Latif Uddin Khan, Mohammad Farid Uddin Khan, Salman Khan, and Colonel (Retd.) Faruk Khan.
The Bangladesh Bank's financial intelligence wing has issued directives to all banks and financial institutions in the country, prohibiting any transactions from these accounts for the next 30 days. This period may be extended if necessary, according to the BFIU.
The Financial Express has obtained a letter in this regard on Monday.
An official at the BFIU said all transactions from the accounts in question will remain suspended, and further instructions could follow depending on ongoing investigations.
The freeze order is in line with relevant sections of the anti-money laundering regulations, as mentioned in the BFIU's letter. The directive also includes details of the individuals involved, such as their names and national identification numbers.
Banks have been asked to submit various documents related to the frozen accounts, including account opening forms, Know Your Customer (KYC) details, and transaction records.
Information on any loans, deposits, lockers, credit cards, foreign trade activities, offshore banking accounts, and any defaults must also be provided.
Banks have been instructed to send details of any import or export-related transactions, particularly invoices, to the BFIU within two working days of receiving the directive.
This action comes amid a broader effort to curb financial irregularities and ensure compliance with anti-money laundering laws.