A court has granted permission to freeze the bank accounts and movable, immovable assets of the Hong Kong-based company China Supreme Limited, in which Nazrul Islam Majumder, chairman of Nassa Group and former chairman of EXIM Bank along with his son Walid Ibne Islam and daughter Anika Islam, hold investments.
Md Raoful Islam, team leader and deputy director of the Joint Investigation Team of the Anti-Corruption Commission (ACC), filed the application after collecting information, data, and evidence from home and abroad, and the court granted it.
ACC Assistant Director (Public Relations) Md Tanzir Ahmed confirmed the matter today (10 September).
According to the ACC’s application, Nazrul Islam, along with members of his family and associates, is accused of fraudulently taking approximately Tk35,000 crore from 26 banks in Bangladesh. The investigation found that a large portion of these funds were later laundered to the United Kingdom, the Isle of Man, Jersey, and Hong Kong.
The investigation identified Nazrul and his two children as the ultimate beneficial owners of China Supreme Limited, the application states. The company holds an active account with the Bank of East Asia Limited.
The ACC further alleged that a substantial amount of money was invested in the company without permission from Bangladesh Bank. Additionally, information about assets purchased in Hong Kong was not even disclosed in the income tax returns submitted to the National Board of Revenue.
Nazrul and members of his family face two cases involving money laundering, abuse of power, and criminal breach of trust. A chargesheet was submitted in one of the cases filed on 20 August 2025, and the case is currently under trial.
In addition, two more cases have been filed against Nazrul and his wife on charges of acquiring illegal wealth.
The ACC told the court that there was an urgent need to freeze the assets acquired through laundered money, given the risk that they might be transferred or sold off. To this end, the agency had requested that the assets be frozen through the relevant Hong Kong authorities, along with the necessary legal measures.
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