Court orders to freeze Tk 2,619cr of S Alam 

A Dhaka court has ordered to freeze further 1,360 bank accounts, with Taka 2,619 crore, in the name of S Alam Group chairman Mohammad Saiful Alam and in the name of those concerned with his interests.

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

ACC Deputy Director Akterul Islam said the anti-graft body has already formed a joint investigation team to probe money laundering allegations against Saiful and people related to him and submit its report. 

“The people concerned with his interests are trying to hand over or transfer money from different branches of First Security Bank PLC. It would be hard to recover the money if they succeed in doing so and that is why the accounts should be frozen,” the plea added.