The Bangladesh Financial Intelligence Unit (BFIU) has ordered all personal and solely-owned company accounts of a prominent business leader, HBM Iqbal, chairman of Premier Bank, and his family members to be frozen for 30 days in the first phase. The directive, issued via a letter last week, also covers the accounts of his wife, two sons, and daughter. The accounts were frozen starting 10th November with banks instructed to provide an account update within four working days.
The move is part of an ongoing investigation by the BFIU. Authorities aim to scrutinize the financial transactions and activities linked to these accounts, ensuring transparency and accountability. This marks a significant step in financial oversight and efforts to curb irregularities in banking and business sectors, signaling a tougher stance against financial mismanagement in the country.
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