A Dhaka court has imposed a travel ban on Chowdhury Nafiz Sarafat, former chairman of Padma Bank PLC, over allegations of bribery, corruption, and embezzlement linked to his tenure at the bank.

Dhaka Metropolitan Senior Special Judge Ash Shams Mohammad Zoglul Hossain Mohammad Assamas Zoglul Hossain passed the order on Monday, following a petition filed by the Anti-Corruption Commission (ACC). Court inspector Amir Hossain confirmed the matter.

The petition stated that there are allegations against Sarafat of bribery, corruption, forgery, and abuse of power, involving the embezzlement of a large amount of money through deception with customers and its transfer abroad.

The allegations suggested that the individual has acquired a vast amount of assets in various places in the country and in Canada by misusing his position and through political connections, and is propagating statements in his favour by disseminating advertisements in national daily newspapers from unknown locations.