Dhaka, Feb. 24 -- A Dhaka court has ordered the freezing of shares worth Tk 81.33 billion (Tk 8,133 crore) belonging to businessman Md Saiful Alam (S Alam) and his family members.

The order was issued on Sunday by Dhaka Metropolitan Sessions Judge Md Jakir Hossain Galib's court, following an application by the Anti-Corruption Commission (ACC).

According to the ACC's petition, a task force has been established to investigate allegations of money laundering against S Alam Group chairman Saiful Alam and his family.

The ACC's findings indicate that Saiful and his family members obtained loans from various banks through irregular means, misappropriated the funds, and accumulated substantial wealth both in Bangladesh and abroad under their o...