10 bank accounts of Qazi Inam Ahmed of Gemcon Group have been blocked

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The court has ordered the freezing of 10 bank accounts of Gemcon Group director Kazi Inam Ahmed. The order was issued in a case filed by the ACC alleging acquisition of assets disproportionate to known sources of income and “unusual and suspicious” transactions through various bank accounts.

Dhaka Metropolitan Senior Special Judge Sabbir Faiz passed the order on Wednesday following the application of Anti-Corruption Commission (ACC) Assistant Director AKM Mortuza Ali Sagar.

Bench assistant of the concerned court. Riaz Hossain confirmed the truth of this information.

It is said in the application that Kazi Inam Ahmed has been accused of possessing assets worth Tk 32 crore 66 lakh 16 thousand 244 by illegal means, unrelated to known sources of income. Besides, there are allegations of transfer, transfer and conversion of money through ‘unusual and suspicious’ transactions of Rs. On these allegations, the case has been filed under one section of the Anti-Corruption Commission Act and another section of the Prevention of Money Laundering Act.

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The application further states that the case is currently under investigation. During the investigation, the accused Kazi Inam Ahmed is trying to escape abroad by transferring the movable property in his name or by changing the ownership in some other way, according to reliable sources. If he flees abroad, the investigation process may be prolonged or disrupted. Therefore, for the sake of proper investigation of the case, it is necessary to freeze the immovable assets of the accused.

Earlier, the court had banned Kazi Inam Ahmed from leaving the country as the corruption case was under investigation.