Dhaka, Sep 22 (V7N) – The High Court has requested details on the investigation into money laundering allegations involving S Alam Group. The Anti-Corruption Commission (ACC) has been ordered to provide this information by next Sunday.

The order was issued by a High Court bench comprising Justice Md Kamrul Hossain Mollah and Justice Kazi Zinat Hoque.

During the hearing, Barrister Md Rukunuzzaman represented the petitioner, while Shahin Ahmed appeared on behalf of the ACC.

Shahin Ahmed later stated that the ACC is currently investigating the allegations against S Alam Group, though the exact progress of the investigation is yet to be confirmed. The information, once available, will be presented to the court.

A writ petition was filed seeking directives from the court for government agencies to prepare a list of properties owned by S Alam Group and impose a ban on selling or transferring those properties. The petition also requested the submission of a list detailing all immovable properties owned by S Alam Group’s directors, shareholders, and their families.

Furthermore, the petition asks for information regarding loans taken by S Alam Group from various banks, the status of those loans, any laundered funds abroad, and a list of assets, with a request to freeze them.

Additionally, the petition calls for a travel ban on the company’s directors and their family members without court permission.

On September 11, a legal notice was sent to authorities, including the Governor of Bangladesh Bank and S Alam Group Chairman Saiful Alam, seeking information on loans and liabilities. The notice received no response, prompting the filing of the writ.

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