The High Court has asked for information about S Alam's money laundering investigation
Published: 05:21 23 September 2024
The High Court has asked for information regarding the investigation of money laundering allegations against S Alam Group. The Anti-Corruption Commission (ACC) has been asked to provide this information by next Sunday (September 29).
Sunday (September 22) Justice Md. The High Court bench consisting of Kamrul Hossain Molla and Justice Kazi Zeenat Haque gave this order.
Barrister Md. was the petitioner's lawyer at the hearing for the application in the court. Rukunuzzaman. Lawyer Shaheen Ahmed appeared for the ACC.
Later, Shaheen Ahmed said, the ACC said that the ACC is continuing to investigate the money laundering cases that are coming from the S Alam Group. No information is yet available on what stage it is at. The information can be reported to the court. In view of this, the writ has been adjourned till Sunday and the court has been asked to inform the court by Sunday about the investigation on the allegations of money laundering by S Alam Group.
Earlier, a writ was filed seeking list of all assets of S Alam Group and prohibition on their transfer or sale. Lawyer Md. Rukunuzzaman filed the writ. The writ seeks directions to file list of all immovable properties of S Alam Group and its shareholders directors and their family members.
Apart from this, the writ seeks the amount of loans taken by the S Alam Group from various banks and financial institutions, their current status and liabilities, list of money laundered abroad and all immovable properties, and directions for property seizure. The writ petition also sought ban on the emigration of company directors and family members without the permission of the court.
The petitioner lawyer sent a legal notice to the relevant authorities on September 11, requesting them to provide necessary information and take action on some issues including the total loan amount, current status and liability of S Alam Group shareholders, directors and other business-related organizations from banks or financial institutions.
The notice was sent to Bangladesh Bank Governor, Finance Secretary, Legal Secretary, ACC Chairman and S Alam Group Chairman Saiful Alam. But he did not get a reply to the notice and filed the writ in the High Court.
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