Staff Reporter :
A Dhaka court has ordered the freezing of more than 513 crore shares across 105 companies linked to S Alam Group Chairman Mohammad Saiful Alam, with an estimated value exceeding Tk8,000 crore, according to the Anti-Corruption Commission (ACC).
Dhaka Metropolitan Senior Special Judge Sabbir Faiz issued the order on Monday following an application by the ACC, confirmed ACC Public Relations Officer Akhtarul Islam.
The request, submitted by ACC Deputy Director Tahsin Munabil Haque, cites ongoing investigations into alleged money laundering by Saiful Alam and his associated entities.
The ACC noted that directors of joint-stock companies and related firms reported attempts by Saiful Alam to transfer or misappropriate ownership of the shares.
The agency warned that moving the shares before completing the investigation could make asset recovery difficult.
The court action was taken under Sections 10 and 14 of the Prevention of Money Laundering Act, 2012, and Section 18 of the ACC Rules, 2007.
This move follows previous measures against Saiful Alam. On 25 September, the same court ordered the issuance of an Interpol red notice against him and his two brothers.
Earlier, on 9 July, the court froze 53 bank accounts linked to him and related entities, containing Tk113 crore.
The latest share-freezing order is part of the ACC’s ongoing efforts to prevent illegal asset transfers and ensure accountability in high-value corporate and financial transactions.
