The bank accounts of Mohammad Aziz Khan, Chairman of the prominent Summit Group, which operates in the telecom and energy sectors, have been frozen by the Bangladesh Financial Intelligence Unit (BFIU). In an official directive, the BFIU instructed all banks and financial institutions to freeze the accounts of Aziz Khan and to provide detailed information on his family’s banking activities.
According to sources, the BFIU has requested the account details of 11 family members, including Mohammad Aziz Khan, Mohammad Faisal Karim Khan, Anjuman Aziz Khan, Ayesha Aziz Khan, Adiba Aziz Khan, Zafar Uddin Khan, Mohammad Latif Uddin Khan, Mohammad Farid Uddin Khan, Salman Khan, and Colonel (Retd.) Faruq Khan. The banks have been asked to submit transaction details and all relevant information regarding these accounts to the BFIU.
A senior BFIU official stated on Monday, October 7, that all transactions involving the personal and business accounts owned by these individuals will be suspended for the next 30 days. During this period, no transactions can take place. The freeze order was issued on Sunday, October 6, and may be extended if deemed necessary.
In a related development, the National Board of Revenue (NBR) recently sent a letter to the Joint Stock Companies and Firms, requesting the suspension of ownership transfers in Summit and six other companies. This action is being taken under Section 223 of the Income Tax Act 2023, which gives the NBR the authority to take necessary steps to prevent tax evasion through the interim seizure or attachment of assets.
The ongoing investigation has revealed serious allegations against these companies, including tax evasion and financial irregularities. As a result, the NBR has requested the suspension of share transfers, including sales and donations, involving the companies.
