S Alam Group owner Saiful Alam -Photo : Collected

DHAKA, Jan 11, 2026 (BSS) - A Dhaka court today ordered the seizure of 431 decimals of land registered in the names of S Alam Group owner Saiful Alam and other individuals related to his interest.

Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz passed the order allowing an application filed by the Anti-Corruption Commission (ACC).

According to the ACC plea, a joint investigation team has been formed to investigate and submit report to the ACC over allegations of money laundering against Saiful Alam, his interest-related entities, and individuals linked to those entities.

It was alleged that Saiful Alam and his family members, along with interest-related entities and associated individuals, illegally obtained loans in their own names and in the names of others from various banks in violation of rules. Thus they embezzled the funds and acquired a huge amount of assets at home and abroad in their own names and in the names of their family members.

During the inquiry, information received from various sources revealed that Saiful Alam and his family members were attempting to transfer, shift, or dispose of the interest-related immovable properties. 

Therefore, it is necessary to urgently attach the immovable properties of Saiful Alam, his family members, his interest-related entities, and individuals associated with those entities, the plea added.