A Dhaka court has ordered the seizure of 1,936.5 acres of land owned by businessman Mohammad Saiful Alam, chairman of S. Alam Group, and his family members. The Anti-Corruption Commission (ACC) sought the order to prevent the transfer or disposal of assets during an ongoing investigation into alleged money laundering and illegal loan activities. The court valued the seized properties at approximately BDT 16,940 crore. According to the ACC’s petition, Alam and his associates allegedly obtained loans from various banks under false pretenses and diverted the funds to acquire assets in Bangladesh and abroad. The agency argued that immediate asset freezing was necessary to ensure potential recovery of misappropriated funds. ACC Deputy Director Tansin Munabil Haque filed the petition, and the commission’s spokesperson confirmed the court’s decision. This order follows earlier actions against S. Alam Group, including the freezing of shares in 105 companies and an Interpol red notice request against Alam and senior executives. The case underscores growing scrutiny of large conglomerates and financial transparency in Bangladesh’s corporate sector.