Court freezes 52 bank accounts of Regent Group chairman, MD

A Dhaka court today ordered to freeze 52 bank accounts of Regent Group Chairman Mohammad Shahed and its Managing Director Masud Parvez in connection with a money laundering case.

Of the total, Shahed and Masud have 43 and 15 bank accounts respectively in different banks of the capital where they deposited over Tk 11 crore.

Judge KM Emrul Kayesh of the Senior Special Judge's Court of Dhaka passed the order after Moniruzzaman, an inspector of Criminal Investigation Department, and also the investigation officer of the case, submitted a petition in this regard.

Shahed, accused in 56 cases, was arrested from Satkhira on July 15 when he was trying to leave the country while Masud was arrested from Gazipur on July 14.

Later Shahed was placed on a 61-day remand in different cases filed with different police stations, while Masud was placed on a 28-day remand in different cases.