Regent Group: Court freezes 52 bank accounts of Shahed, MD

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

Shahed has 43 while and Masud has nine accounts in different banks of the capital where Tk 11 crore was deposited.

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

Shahed was arrested from Satkhira on July 15 when he was trying to leave the country. Masud was arrested from Gazipur the day before.

After arrest, 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.

In August, the Special Tribunal-1 of Dhaka framed charges against Regent Group Chairman Mohammad Shahed in an arms case.