The Dhaka Metropolitan Senior Special Judge Court on Sunday ordered the Anti-Corruption Commission to confiscate 563.57 acres of land worth Tk 1001.76 crore owned by S Alam Group chairman Mohammed Saiful Alam and his聽entities.
Judge Md Jakir Hossain of the court passed the order allowing a petition submitted by the ACC deputy director Tahsin Munabil Haque seeking an order to seize the lands in Banshkhali upazila in Chattogram.
The ACC, in its plea, said the accused persons had misappropriated huge sums of money from different banks through loan forgery and laundered the money abroad.
鈥楾hey are now trying to hand over or transfer these properties to evade justice, and that is why these聽properties should be attached immediately,鈥� said the petition.
On April 23, the same court ordered the ACC to attach 159.15 acres of land owned by Mohammed Saiful Alam and his entities in Dhaka and Chattogram. The value of these lands is Tk 407 crore.
On April 9, the court ordered the ACC to confiscate 7,919.52 kathas of land of S Alam Group chairman Mohammed Saiful Alam, his family members and their beneficiaries.
The properties worth around Tk 325.19 crore are located in Chattogram.
The same court on February 23 ordered the ACC to freeze 227 bank accounts with a combined balance of Tk 813.56 crore of S Alam and his family members over the allegations of amassing illegal wealth and money laundering.
On February 12, the same court ordered the ACC to freeze 437.85 crore shares of 42 companies belonging to S Alam and his family. The value of the shares is around Tk 5,100 crore.
On January 30, the court ordered the ACC to seize 58 acres of land belonging to S Alam and his family members. The market value of the land is around Tk 368 crore.
On January 16, the court ordered the freezing of more than 32.1 crore shares worth Tk 350 crore in 24 companies owned by S Alam and his family members.
The court on January 14 ordered the confiscation of immovable properties worth Tk 200 crore and the freezing of 87 bank accounts of S Alam, his wife Farzana Parveen, and 16 of his family members.
Earlier, the ACC started inquiries against the S Alam group chairman over the allegations of amassing illegal wealth and laundering $1 billion to Singapore and several other countries.
