A court has ordered the seizure of nearly Tk 7 crore worth of assets belonging to Shaheen Alam, a notorious drug dealer from Pabna’s Ataikula area, following an investigation by the Financial Crime Unit of the Criminal Investigation Department (CID) over allegations of money laundering and amassing illegal wealth.

According to CID sources, a case (No. 10, dated 14/03/2023) was filed under Section 4(2) of the Money Laundering Prevention Act 2012 (Amended in 2015), accusing Shaheen Alam of accumulating large sums of money through drug trafficking.

Preliminary investigations revealed that Shaheen acquired 192.67 decimals of land and other valuable immovable properties, estimated to be worth around Tk 6.5 crore. Upon CID’s request, the court ordered these assets to be seized.

Additionally, authorities uncovered suspicious transactions totaling Tk 6.62 crore across 10 bank accounts under Shaheen Alam's name. Currently, Tk 42.43 lakh remains in these accounts, which have been frozen following the court order.

Although Shaheen presented himself as a dairy businessman, the CID investigation found that he is in fact the leader of a well-organised drug syndicate in Ataikula, allegedly involved in long-term drug trafficking operations and illegal wealth accumulation.

CID officials said investigations are ongoing to trace more movable and immovable properties linked to the accused in different parts of the country. Legal proceedings are underway, and steps are being taken to bring all individuals involved in the crimes to justice.