Shares of 94 cos owned by Salman F Rahman, family frozen

A special court in Dhaka on Wednesday ordered freezing all the shares of 94 companies owned by Salman F Rahman, former adviser to ousted Prime Minister Sheikh Hasina, and his family members.

The court also ordered to freeze BO accounts of 28 companies owned by Salman and his family members, and more 79 personal BO accounts operated by Salman himself, his family members and close associates.

It also ordered to freeze hundred per cent shares of other companies and BO accounts, owned by Salman and his family members, which are not mentioned in the list.

Judge of the Senior Special Judge's Court in Dhaka, Md Jakir Hossain, passed the order after hearing a petition filed by the Anti-Corruption Commission (ACC).

Earlier on the day, ACC Deputy Director Muhammad Zainul Abedin submitted the petition before the court seeking freeze order.

According to the ACC petition, allegations have been brought against Salman F Rahman and others that they have looted billions of taka from shareholders through placement share manipulation and fraud, embezzled Tk 360 billion after taking loans from different government and private banks by exerting illegal influence, and laundered billions of taka abroad.

ACC said that Salman, his family members and associates are trying to transfer and hand over the shares of these companies and BO accounts. If they can do the transfer of the shares and BO accounts then inquiry into the allegations and other purposes would be frustrated.

So a court order is needed to freeze all the shares and BO accounts owned by them, also read the petition.

Earlier on February 24 this year the same court ordered the ACC to freeze 358 bank accounts owned by Salman F Rahman, his family members and close associates.

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