Dhaka, April 23 -- A Dhaka court on Wednesday ordered to seizure of 15,915 decimal lands worth Tk 4.07 billion belonging to S Alam Group Chairman Mohammad Saiful Alam and his related persons or entities.

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

Confirming the matter to newsmen, ACC Deputy Director (public relations) Aktarul Islam said a team has been formed to investigate the allegations of money laundering against Mohammad Saiful Alam (S. Alam) and his related entities and persons.

S Alam and his related entities and persons have acquired a huge amount of wealth in the country and abroad by taking illegal loans ...