A Dhaka court today ordered the freezing of 38 bank accounts belonging to 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 following a plea from the Anti-Corruption Commission (ACC).

The ACC is investigating Masud, who also served as managing director of Rupali Bank PLC and Sonali Bank PLC, for embezzling money through corruption, irregularities, and suspicious transactions, based on information from the Bangladesh Financial Intelligence Unit (BFIU).

The ACC said that funds had been deposited and transactions conducted in multiple accounts under the accused’s name, raising suspicions of money laundering. “It has become essential to freeze the bank accounts held in the names of the persons involved,” the plea added.

MN/