A Dhaka court has imposed a travel ban on Abul Kashem, chairman of the proposed Peoples Bank and his wife Sapna Kashem amid an ongoing corruption investigation.
The court also ordered the freezing of 34 bank accounts linked to Abul Kashem and his associates.
The order came on Tuesday from Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz following two separate petitions by the Anti-Corruption Commission (ACC).
Court assistant Riaz Hossain confirmed the directives.
The ACC, represented by its assistant director SM Mamunur Rashid, filed the petitions seeking to prevent the couple from leaving the country and to block the accounts.
The petitions state that Abul Kashem allegedly transferred funds abroad through hundi channels and later laundered the money back into the banking system.
The allegations are under investigation.
During the probe, authorities fear that Abul Kashem and his wife could flee the country at any time. The ACC said questioning the couple is crucial to collect evidence; without it, proving the charges would be extremely difficult.
In this context, the court deemed it necessary to bar their travel and freeze their accounts.
