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Published : 13 Jan 2026, 04:40 PM
A Dhaka court has ordered the freezing of shares worth Tk 46.4 million registered in the names of former land minister Saifuzzaman Chowdhury Javed and five others.
Dhaka Metropolitan Sessions Judge Sabbir Faiz gave the order on Tuesday following an application from the Criminal Investigation Department.
The other five individuals whose shares have also been frozen are former UCB Bank director Anisuzzaman Chowdhury Ronny, former Meghna Bank director Imrana Zaman Chowdhury, and Abul Kashem, Nasim Uddin Mohammad Adil, and Utpal Pal, confirmed bench assistant Riaz Hossain.
CID’s Financial Crime Unit Sub-Inspector Nafizur Rahman sought to freeze the shares over an investigation into extortion, fraud, and money laundering allegations.
The petition alleged that between 2018 and 2022, the suspects colluded to obtain Tk 400 million from UK Agro Products through extortion and fraud.
They amassed Tk 200 million through “money laundering” and “organised crime”, it alleged.
The money was illegally sent abroad and then brought back to the country to hide its source before transferring the amount to different bank accounts, it added.
The money was used by Imrana Zaman to buy Meghna Bank shares worth Tk 599.5 million of in Utpal and Nasim’s name, according to the petition.
Utpal is the company’s managing director, and Nasim is a director.
The petition said nearly Tk 200 million was brought back to Bangladesh from Singapore and Dubai where the money had been sent through Abul Kashem, via UCB’s Gulshan Corporate Branch and NRBC Bank’s Principal Branch.
The money was subsequently transferred into two accounts at UCB: one held by Imrana at the Station Road Branch in Chattogram, and another belonging to the company called Steadfast Management Trading Limited, according to the CID.
The Anti-Corruption Commission (ACC) has filed several cases against Saifuzzaman and his relatives over different allegations, including embezzlement and money laundering, since the fall of the Awami League government on Aug 5, 2024.
On Sept 25, a Chattogram court ordered to issue a red alert through the Interpol against Saifuzzaman and his wife Rukhmila Zaman.
Read the Bangla story for more details: সাবেক মন্ত্রী জাবেদসহ ছয়জনের ৪ কোটি ৬৪ লাখ শেয়ার অবরুদ্ধ
