HC seeks list of immovable assets of S Alam Group

The High Court has directed relevant authorities to submit a detailed list of all immovable assets belonging to S Alam Group, its shareholder directors, and their family members. 

The Law Secretary and the Inspector General of the Directorate of Registration have been tasked with compiling and providing the list.

The order came on Sunday (September 29) after a preliminary hearing on a writ petition. The bench, consisting of Justice Kamrul Hossain Molla and Justice Kazi Zeenat Haque, also issued a rule along with the order.

Petitioner Rukunuzzaman represented himself in the hearing, while Lawyer Shaheen Ahmed appeared on behalf of the Anti-Corruption Commission (ACC), and Deputy Attorney General Tanim Khan represented the state.

Previously, on September 17, Rukunuzzaman had filed a writ petition with the Supreme Court seeking a ban on the transfer or sale of any immovable assets by S Alam Group, its shareholder directors, and their family members.

During a hearing on September 22, the ACC's lawyer informed the court that the commission had launched an investigation into money laundering allegations against the group. The lawyer requested more time to provide updated information, prompting the court to adjourn the hearing until Sunday (September 29).

At Sunday’s session, the court issued its order and accompanying rule. Rukunuzzaman explained that the writ petition sought information on loans taken by S Alam Group from various banks and financial institutions, the current status of those loans, liabilities, details of any funds laundered abroad, and a full list of immovable properties. 

The petition also requested the seizure of assets and a ban on emigration for the group's directors and family members without prior court approval.