On Tuesday, the BFIU issued letters to various banks and non-bank financial institutions, requesting details of all accounts held by the couple. These include savings, current, fixed deposit receipt (FDR), and deposit plus scheme accounts. Financial institutions were asked to provide the information within the next five business days. Additionally, any accounts linked to businesses or companies owned by the couple are also under scrutiny.

The investigation comes shortly after the Bangladesh Securities and Exchange Commission (BSEC) fined Shakib Tk50 lakh for manipulating the share price of Paramount Insurance in 2023. The fine was part of a broader effort to clamp down on financial misconduct within the country’s stock market.

Shakib’s financial dealings have been under the microscope, particularly after his significant investments in various sectors, including the stock market, power plants, cosmetics, travel agencies, hotels, event management, and more recently, footwear and e-commerce. His e-commerce platform, Monarch Mart, has also garnered attention in recent years.