Accounts of Nazrul Islam and Nafeez Sarafat blocked

The bank accounts of Bangladesh Association of Banks (BAB) and Exim Bank chairman Nazrul Islam Majumdar and his wife Nasreen Islam have been seized.

At the same time, they have been asked to suspend transactions in their children's personal bank accounts.

The Bangladesh Financial Intelligence Unit (BFIU) also asked banks to freeze the accounts of Padma Bank's former chairman Chowdhury Nafeez Sarafat, his wife, and his son. Apart from their personal bank accounts, the BFIU directed the banks to keep the bank accounts of their business entities frozen for the next 30 days.

On Sunday (August 25), BFIU, Bangladesh Bank's financial intelligence unit, sent instructions to banks and financial institutions to freeze the accounts.

According to the instructions, all transactions through the personal and business accounts of those whose accounts have been frozen will be stopped. For the next 30 days, they will not be able to make any transactions. If necessary, the transaction will be extended during suspension.