Court orders freeze on S Alam family's bank accounts, co shares in S’pore

A Dhaka court on Thursday directed the authorities to take steps to freeze 62 bank accounts and shares of 12 companies in Singapore owned by S Alam Group Chairman Mohammed Saiful Alam and his family members in connection with a money laundering case.

The acting judge of the Senior Special Judge's Court passed the order following a petition filed by the Anti-Corruption Commission (ACC).

Earlier in the day, ACC Deputy Director Tahasin Monabil Haq, also the team leader of the Joint Investigation Team probing the allegations, submitted the petition seeking the freeze order.

In the petition, the ACC official said, "Credible evidence has emerged indicating that the accused acquired several movable and immovable properties using illegally obtained funds. It is necessary to freeze these properties to protect the public interest and prevent further dissipation of illegally acquired assets."

After hearing the plea, the court ordered the freezing of the specified bank accounts and company shares.

Since the regime change on August 5 last year, following a mass uprising led by students and the public, the Special Court has issued a series of orders to freeze and attach properties of S Alam Group.

On June 24, the same court ordered the authorities to attach and freeze overseas movable and immovable properties owned by Mohammed Saiful Alam and his wife Farzana Parveen in a similar money laundering case.

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