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Published : 11 Mar 2025, 12:19 AM
A Dhaka court has ordered the attachment of 33,216.42 decimal of land owned by Mohammad Saiful Alam, chairman of the controversial S Alam Group, and his family members.
It affects 97 properties linked to the business group.
Dhaka Metropolitan Senior Special Judge Zakir Hossain Galib passed the order on Monday following a plea filed by the Anti-Corruption Commission, or ACC, on Monday.
ACC spokesperson Akhtarul Islam said the agency’s Deputy Director Tahasin Monabil Haq filed the application to attach the land in Dhaka and Chattogram.
The plea said an investigation was under way against Saiful and his associates on money laundering charges.
The investigation revealed that they had embezzled loans from different banks through irregularities and amassed substantial assets both domestically and internationally.
They are suspected of attempting to transfer or conceal these assets.
The national anti-graft agency said in its application, "If these assets are transferred before the investigation concludes, it will be difficult to recover them.
“Therefore, it is urgent to immediately attach the assets."
Earlier, on Oct 7, 2024, the court had barred Saiful, his wife Farzana Parveen, and 12 members of his family from leaving the country.
On Jan 16, the court ordered the freezing of shares worth Tk 3.56 billion belonging to the family.
In addition, on Feb 3, an order was given for the seizure of 175 bigha land valued at Tk 3.68 billion.
On Feb 12, the court froze shares worth Tk 51.09 billion across 42 companies linked to the S Alam family.
On Feb 23, shares worth Tk Tk 81.33 billion were also seized.
