Court Orders Asset Seizure of Shakib Al Hasan in Check Fraud Case

The court has ordered the seizure of assets of former Member of Parliament and cricketer Shakib Al Hasan in a check fraud case involving approximately 4.15 crore taka with IFIC Bank.

On Monday, Additional Chief Metropolitan Magistrate (ACMM) Ziadur Rahman of the Dhaka Chief Metropolitan Magistrate Court issued the order.

In this check fraud case, an arrest warrant was issued against Shakib Al Hasan on January 19. The court today directed the submission of a report on the execution of the arrest warrant. According to the report presented by the police, Shakib has not been arrested yet, following which the court ordered the seizure of Shakib Al Hasan's assets.

The case was filed by Shahibur Rahman, on behalf of IFIC Bank, on December 15 last year, accusing Shakib and three others. It was alleged that Shakib's agro farm business had taken loans from the IFIC Bank's Banani branch at different times and issued two checks against it. However, when the checks were presented for withdrawal, they were dishonored due to insufficient funds. The total amount of the two checks was approximately 4.15 crore taka.

Earlier, the Bangladesh Financial Intelligence Unit (BFIU) had frozen all of Shakib Al Hasan's bank accounts to investigate market manipulation and financial irregularities. On October 2, the BFIU sought details of bank accounts related to Shakib, his wife Umme Ahmed Shishir, and their business enterprises. After investigation, the government instructed BFIU to freeze all his bank accounts.

This legal action adds another challenge for Shakib Al Hasan as the court has now ordered the seizure of his assets