Salman F Rahman’s BO shares frozen by court order

A Dhaka court has ordered the freezing of shares in 107 Beneficiary Owner (BO) accounts under the names of former prime ministerial adviser Salman F Rahman, his son Ahmed Shayan Fazlur Rahman, family members, and close associates.

The order was issued on Wednesday by Dhaka Metropolitan Senior Special Judge Zakir Hossain Galib following a petition submitted by the Anti-Corruption Commission (ACC).

According to the ACC, Salman F Rahman and others are accused of embezzling billions of taka from shareholders through share manipulation and financial fraud. They are also alleged to have secured approximately Tk 3,600 crore in loans from various government and private banks using illegal influence, and to have laundered large sums abroad.

The ACC said the share freeze was necessary to facilitate an impartial and effective investigation.