Md Obayed Ullah Al Masud, former chairman of Islami Bank Bangladesh PLC

DHAKA, Oct 23, 2025 (BSS) - A court here today ordered to freeze 38 bank accounts of Md Obayed Ullah Al Masud, former chairman of Islami Bank Bangladesh PLC over graft allegations.
Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz passed the order, allowing a plea of the Anti-Corruption Commission (ACC).
According to the ACC plea, Masud, also the former managing director of Rupali Bank PLC and Sonali Bank PLC, the anti-graft body is probing allegations received from Bangladesh Financial Intelligence Unit (BFIU) against the accused of embezzling money from banks through corruption and irregularities and making suspicious transactions. 
"Funds have been deposited and transactions carried out in different bank accounts under the names of the persons concerned. Upon reviewing the allegations, there appear to be reasonable grounds to suspect elements of money laundering. Therefore, it has become essential to freeze the bank accounts held in the names of the persons involved in the allegations," the ACC plea added.