Dhaka, Feb. 13 -- The court has ordered the freezing of shares worth 5,109 crore taka belonging to S Alam Group's chairman, Md. Saiful Alam (S Alam) and his family members across 42 companies.
Dhaka Metropolitan Senior Special Judge Zakir Hossain Galib issued the order in response to an application filed by the Anti-Corruption Commission (ACC) on Wednesday (February 12).
The application states that Md. Saiful Alam and his family members are accused of laundering 1 billion dollars to countries including Singapore, the British Virgin Islands, Cyprus and others.
During the investigation into the allegations, it was found that they owned a total of 437 crore 85 lakh 2 thousand 274 shares in joint-stock companies and firms. The investigation ...