31 bank accounts of Orion Group Chairman frozen, 43 acres of land seized

A Dhaka court issued an order to freeze 31 accounts in various banks in the names of Orion Group Chairman Obaidul Karim, his family members and associated individuals.

The court also ordered seizure of 43 acres of land including a flat.

Dhaka Metropolitan Senior Special Judge Md. Zakir Hossain Ghalib passed the order on Monday (March 10), allowing two separate petitions filed by Rashedul Islam, deputy director of the Anti-Corruption Commission (ACC).

Akhtarul Islam, Deputy Director of ACC Public Relations Department, confirmed the information.

The application mentioned that an investigation is under way regarding the allegation of money laundering against Obaidul Karim, related individuals and organizations involved in smuggling crores of Taka abroad.

During the investigation, the team discovered that the individuals involved in the allegations were attempting to transfer their movable and immovable properties.

Out of these, 29 bank accounts have Tk 20,26,80,658, according the ACC plea.

In addition, some $6,575 which has been kept in two other accounts at Standard Chartered Bank and City Bank has also been frozen.

Therefore, it is crucial to block the aforementioned bank accounts to ensure the confiscation of the property in favor of the government following the court’s trial, and to uphold the integrity of the investigation and the pursuit of justice.