A Dhaka court has barred Md A Samad Mridha, managing director of Essential Drugs Company Limited (EDCL), from leaving Bangladesh.
The order came from Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz on Monday, following a petition by the Anti-Corruption Commission (ACC).
Court sources confirmed the development.
The ACC stated that an investigation is ongoing into allegations that Mridha embezzled and laundered funds through multi-crore tender trades in EDCL’s procurement processes.
A two-member ACC investigation team has been formed to examine the matter.
During the inquiry, both open-source and confidential intelligence suggested that Mridha was planning to flee the country. ACC warned that his departure could delay or obstruct the investigation. The commission therefore requested the court to prevent him from leaving Bangladesh until the probe is complete.
The court accepted the request and imposed a travel ban to ensure a proper and uninterrupted investigation.
