Court Directs ACC to Seize 20,294 Kathas of S Alam’s Properties

 Court Directs ACC to Seize 20,294 Kathas of S Alam’s Properties

A Dhaka court today ordered the Anti-Corruption Commission to confiscate 20,294 kathas of immovable properties owned by S Alam Group Chairman Mohammad Saiful Alam, his family members, and their beneficiaries in connection with corruption allegations.
The market value of the properties stands at Tk 559,48,20,477.
Judge Md Zakir Hossain of the Metropolitan Senior Special Judge's Court of Dhaka passed the order after ACC Deputy Director Tahasina Munabil Haque, who leads the inquiry team, appealed in this regard.
ACC Public Prosecutor Mahmud Hossain Jahangir moved the application on behalf of the anti-graft body.
S Alam, his family members, and their beneficiaries were trying to transfer ownership of the properties, said the ACC official, adding that he learnt this from a credible source.
"So, an order is needed to prevent them from doing so," the official said.
On April 23, the same court ordered the commission to confiscate 9,646 kathas of land owned by S Alam, his family members, and their beneficiaries over corruption allegations.
The market value of those properties stands at Tk 407.21 crore.
On April 17, the same court ordered the ACC to freeze 1,360 bank accounts belonging to the family. The accounts have a total of Tk 2,619 crore deposited in them.