A court has ordered the freezing of 68 bank accounts belonging to Md. Saiful Alam, Chairman of S Alam Group, and his relatives, following allegations of money laundering. Additionally, an order has been issued to seize 16 of his immovable properties.
On Tuesday (January 14), Dhaka Metropolitan Senior Special Judge Md. Zakir Hossain Galib passed the order in response to an application by the Anti-Corruption Commission (ACC).
ACC Deputy Director Sifffat Uddin filed the petition for the seizure of the assets. Prosecutor Mahmud Hossain Jahangir represented the ACC in the hearing. The judge approved the ACC’s petition and issued the order accordingly.
The seized properties include a 10-story building in Gulshan’s S Alam Tower, a six-story building on one bigha of land in Dhanmondi, a four-story building on 11.88 decimals of land at Lake Circus in Dhanmondi, a flat on 2,658 square feet of land in Gulshan, and a plot measuring 0.7888 acres in Gulshan-2.
Other seized assets include a seven-story building in Uttara Residential Area, a plot measuring 103.03 kathas in Bashundhara Residential Area, various plots totaling 1.7200 acres, 96 kathas, 1.9536 acres, 11.1061 bighas, and 131.04 kathas.
