The High Court on Sunday asked the chairman of the Anti-Corruption Corruption Commission and the head of Bangladesh Financial Intelligent Unit to investigate within two months the allegations of money laundering of Tk 108.1848 crore by business tycoon Mohammad Saiful Alam , the owner of S Slam Group.

The bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat issued the directive on suo motu after taking into cognisance of a recent newspaper report about the allegation of laundering the huge amount of money to Singapore.

The court asked the editor of The Daily Star to submit a statement by October 10 through an affidavit about the authenticity of the report published in the daily on Friday about the money laundering allegations against S Alam.

The court also asked the governor of the Bangladesh Bank to submit a report by October 10 explaining how Saiful Alam laundered the money.

The court asked the governor to explain if Bangladesh law allows offshore banking.

The court set October 10 for further hearing of the matter.

Senior lawyer Khurshid Alam Khan appeared for the ACC while Supreme Court lawyer Syed Sayedul Haque  Suman sought necessary directive over the money laundering allegations  placing a copy of the newspaper report.