Court orders asset seizure, account freeze for S Alam, family

A court has ordered the freezing of 68 bank accounts and an order has been issued for the confiscation of 16 properties held in the name of Mohammed Saiful Alam, chairman of the S Alam Group, and his family.

Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib issued the order on Tuesday following a request by the Anti-Corruption Commission (ACC).

Earlier, ACC Deputy Director and Investigator (Intelligence) Siffat Uddin filed a petition for the seizure of these assets.

The 16 properties are the 10-story S Alam Tower in Gulshan, a six-story building with one bigha of land in Dhanmondi, a four-story building on 11.88% land at Dhanmondi Lake Circus, a flat on 2,658 square feet of land in Gulshan, a plot of 0.788 acres in Gulshan 2, a building at Maat Tala in the Uttara residential area, a plot of 103.3 katha of land in the Bashundhara residential area in Vatara, 1,700 acres of land, 96 katha of land, 1,536 acres of land, 11,061 bigha of land, and 131.4 katha of land.