S Alam's land and facilities seized by court

The court has ordered the seizure of another 431.69 percent of land and facilities of Mohammad Saiful Alam, the head of the Chattogram-based industrial group S Alam Group, and his associates.

Saiful Alam, known as S Alam, has these lands and facilities in different areas of Chattogram.

Dhaka Metropolitan Senior Special Judge Sabbir Faiz issued the order on Sunday (January 11) following an application by the Anti-Corruption Commission-ACC. ACC Public Relations Officer Tanzir Ahmed gave this information.

In the application filed by the agency's Deputy Director Tahasin Munabil Haque on behalf of the ACC, it has been said that entities and individuals associated with the entities with interests of S Alam and his family members have 'taken loans illegally and embezzled them' from various banks. In this sense, they have acquired 'a huge amount of wealth in the country and abroad' in their own names and the names of their family members.

The ACC says that S Alam and his family members are trying to 'transfer, transfer or misappropriate' these assets related to interests elsewhere. If these assets are transferred or transferred elsewhere before the investigation is concluded, it will be difficult to recover this money later. For this reason, the agency considers it necessary to urgently freeze the immovable assets related to interests of S Alam, his family members, entities related to interests and persons related to the entities.

On September 25 last year, the court ordered the issuance of Interpol Red Notices against S Alam Group Chairman Saiful Alam, the group's Vice Chairman Abdus Samad and Director Mohammad Abdullah Hasan.

Then, on December 11, the court ordered the seizure of 5,868 bighas of S Alam's land. Before that, orders were also issued at various times to seize several thousand percent of the land of the industrial group's leaders and its stakeholders and to attach some assets.