A Dhaka court on Tuesday ordered the Anti-Corruption Commission (ACC) to confiscate 200 acres of land owned by S Alam Group chairman Mohammad Saiful Alam, his family members and their beneficiaries over allegations of corruption.
Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib passed the order following a petition by the anti-graft body.
The ACC has already formed a joint team to investigate the allegations of money laundering against Mohammad Saiful Alam.
“They embezzled huge money after taking loans from different banks illegally and amassed huge wealth in home and abroad,” the plea said.
The market value of the land property stands at Tk 180.61 crore, the sources said.
“They are trying to hand over or transfer the properties to evade justice and that’s why the land should be attached immediately.”
ACC Public Prosecutor Mahmud Hossain Jahangir moved the application on behalf of the anti-graft body.
S Alam, his family members and their beneficiaries are trying to transfer ownership of the properties, said the ACC official, adding, “So, an order is needed to prevent them from doing so.”
On April 9, the court also ordered the anti-graft body to confiscate 7,919.52 kathas of immoveable properties of S Alam, his family members, and their beneficiaries.
Besides, on January 30, the court ordered the ACC to confiscate 58 acres of immovable property belonging to S Alam and his family members on graft charges.