The Appellate Division of the Supreme Court on Monday deferred till January 15 in 2024 its hearing on a petition filed seeking a stay on a High Court order that asked the authorities concerned to probe into the allegations against the owner of S Alam Group of amassing huge amounts of properties abroad without Bangladesh Bank's permission.
A four-member bench of the Appellate Division headed by Justice Borhanuddin set the new date. The apex court opined that it will hold a hearing on the issue with the presence of the Chief Justice, said lawyer Saifullah Mamun, one of the counsels of S Alam Group.
Earlier on August 23 in 2023, the Chamber Judge of the Appellate Division ordered to maintain the status quo till January 8 in 2024 upon the subject matter of the High Court order that asked the authorities concerned to conduct inquiry into the allegations against S Alam Group owner.
Justice M Enayetur Rahim, the then Chamber Judge of the Appellate Division, passed the order after hearing a petition filed by the S Alam Group seeking a stay on the HC order. The Chamber Judge also sent the matter to the regular Appellate Division bench for detail hearing on it on that day.
Earlier on August 21, Mohammad Saiful Alam, owner of the S Alam Group, and his wife Farzana Parveen submitted the petition to the Appellate Division seeking a stay on the High Court order.
On August 6, the High Court directed the authorities concerned to conduct inquiry into the allegations against S Alam Group regarding the transfer and investment of huge amount of money abroad without permission from the Bangladesh Bank.
The Anti-Corruption Commission (ACC), the Bangladesh Financial Intelligent Unit (BFIU) and the Criminal Investigation Department (CID) of Police were asked to comply with the direction. The organisations were also asked to submit inquiry reports to the HC within two months.
