News Flash
DHAKA, Dec 22, 2025 (BSS) – A court here today ordered the seizure of another 28 acres of land registered in the names of S Alam Group Chairman Saiful Alam and his associated individuals and entities.
Mohammad Abdullah Al Mamun, Judge of the Dhaka Metropolitan Senior Special Judge Court, issued the order following an application filed by the Anti-Corruption Commission (ACC).
According to the application, a joint investigation team has recently been formed to probe allegations of money laundering against Saiful Alam Masud, Managing Director of S Alam Group, his related entities, and associated individuals.
During the investigation, it was found that Saiful Alam Masud, along with his family members and related entities, obtained loans illegally—both in their own names and under fictitious names—from various banks and embezzled the funds to acquire substantial assets at home and abroad.
The ACC stated that information gathered from various sources indicates that Saiful Alam Masud and his family members are attempting to transfer or dispose of the relevant immovable properties. If these assets are moved before the investigation is completed, recovering the money would become extremely difficult. Therefore, the urgent seizure of these properties is necessary.
On December 11, the same court ordered the seizure of 1,936 acres of land in Chattogram registered in the names of Saiful Alam Masud and his associated individuals.
