Biz-Econ

Bank accounts of Summit's Aziz Khan, family members frozen

The Bangladesh Financial Intelligence Unit, BFIU, has directed all banks to freeze the accounts of Summit Group Chairman Muhammad Aziz Khan, his brothers and other family members.

The BFIU, in a letter, instructed the banks to block their transactions for one month under the provisions of the Money Laundering Prevention Act.

The directive also applies to firms owned by the individuals, with transactions being frozen for the same period.

Source: BSS