Published: 01:12 AM, 14 September 2026
Court orders to seize ex Fareast Life Insurance chairman Nazrul's assets
A Dhaka court has ordered the seizure of immovable assets worth more than Tk 5 billion belonging to Nazrul Islam, the former chairman of Far East Islami Life Insurance Company Limited and allegedly the mastermind behind the embezzlement of thousands of crores of taka from ordinary customers, and his wife, Taslima Islam. It is also learned that a Mutual Legal Assistance Request (MLAR) will soon be sent to the United States seeking information and action regarding his illicit assets there.
Dhaka Metropolitan Senior Special Judge Md. Shahjahan Kabir issued the seizure order following an application by the Anti-Corruption Commission (ACC).
According to ACC sources, the investigating officer and Deputy Director Md. Mashiur Rahman applied for the seizure of the immovable assets held in the names of former chairman Nazrul Islam and his wife Taslima Islam under Rule 18 of the ACC Rules, 2007 (amended in 2019).
The court's review found that the accused, Nazrul Islam (permanent address: Panam [Mirkadim] village, Munshiganj Sadar police station, Munshiganj district), was involved in various acts of corruption, including embezzling customers' savings deposited as fixed deposits (FDRs) in different banks and misappropriating large sums of money by purchasing land in the name of the institution at inflated prices.
During the investigation, it was found that unless the properties in question were seized, there was a risk that they could be transferred or siphoned abroad. Therefore, following the ACC's application, the District Registrar of Dhaka, as well as the District Registrars of Dhaka, Mymensingh, Munshiganj, Patuakhali, Narayanganj and Gazipur, have been instructed not to transfer or exchange the seized immovable properties under any circumstances.
The Anti-Corruption Commission (ACC), through its Integrated District Office (SJEKA), Dhaka-1, has filed several cases against Nazrul Islam.
Among the notable cases are:
Case Nos. 01 and 02, dated March 8, 2022
Case No. 18, dated March 8, 2022
Case No. 04, dated August 12, 2022
Case No. 04, dated May 9, 2023
Case No. 04, dated April 7, 2023
Case No. 35, dated July 31, 2025
On October 23, 2025, Nazrul Islam was arrested in connection with Case No. 35 filed by Dhaka-1. He was subsequently taken into remand custody and subjected to intensive questioning. During the remand, he reportedly admitted to possessing various immovable properties.
