Bank accounts of Orion Group boss Obaidul Karim, family frozen

His and the family's locker and credit card facilities have been suspended for 30 days

The Bangladesh Financial Intelligence Unit, or BFIU, has frozen the bank accounts of Orion Group founder Obaidul Karim and his family.

On Sunday, the financial intelligence division of the central bank instructed banks and financial institutions to suspend the bank accounts of the businessman and his wife.

The BFIU’s letter regarding the account suspension read, "If any accounts are being operated in the name of the mentioned individuals or their privately-owned companies, those accounts will remain frozen for 30 days under section 23 (1) (g) of the Money Laundering Prevention Act, 2012.

"In addition, if they have any locker facilities, their use will also be suspended for 30 days."

Instructions have also been given to suspend any credit card facilities provided in their name within 30 days.