Returning assets laundered by S Alam demanded
Socheton Babsayi Forum on Thursday demanded bringing back foreign assets embezzled and laundered by the S Alam Group...
Tags : S Alam Group
ACC asked to seek Interpol red notice against S Alam, two brothers
A Dhaka special judge鈥檚 court on Thursday ordered the Anti-Corruption Commission to request red notices from Interpol against S Alam Group chairman Mohammad Saiful Alam and his two brothers in a loan fraud case.
S Alam Group chair, Nabil Group MD among 43 sued for embezzling Tk 363cr
The Anti-Corruption Commission on Wednesday filed a case against 43 people, including S Alam Group chairman Muhammad Saiful Alam and Nabil Group managing director Md Aminul Islam, for their alleged involvement in embezzling Tk 363 crore from the bank鈥檚 Gulshan branch...
Freeze 64 accounts, assets of S Alam in Singapore: court
The Dhaka Metropolitan Senior Special Judge Court on Thursday ordered the Anti-Corruption Commission to freeze 64 bank accounts, shares and insurance policies of S Alam Group chairman Mohammed Saiful Alam, and his family members in Singapore...
ACC sues S Alam Group chair, PK Halder, 11 others
The Anti-Corruption Commission on Wednesday filed three cases against 15 people, including S Alam Group chairman Mohammed Saiful Alam and Reliance Finance Limited former managing director Prashanta Kumar Halder, on charges of embezzling Tk 270 crore through fraudulent loans and money laundering...
Ex-Islami Bank MD Monirul Moula sent to jail in graft case
The Dhaka Metropolitan Senior Special Judge Court on Monday sent former Islami Bank Bangladesh managing director Mohammad Monirul Moula to jail in connection with a case filed against him and 57 others on charges of embezzling Tk 1,092 crore through loan forgery...
Dhaka court attaches S Alam鈥檚 200 acres land
A court in Dhaka on Tuesday ordered to attach 200 acres of land owned by S Alam Group owner Mohammad Saiful Alam and people related to him over graft allegations.
ACC prosecutes聽S Alam, 42 others
The Anti-Corruption Commission on Monday filed two separate cases against 43 people, including S Alam Group chairman Mohammad Saiful Alam, also former chairman of First Security Islami Bank, and the bank鈥檚 former...
Islami Bank puts S Alam property on auction
Islami Bank Bangladesh PLC has announced the auction of S Alam Group鈥檚 properties, including a steel mill, a power plant, an edible oil factory and 1,149 decimals of land, to recover outstanding dues amounting to Tk聽2,179.95 crore...
Court ordered ACC to seize S Alam鈥檚 lands worth Tk 1,001 crore
The Dhaka Metropolitan Senior Special Judge Court on Sunday ordered the Anti-Corruption Commission to confiscate 563.57 acres of land worth Tk 1001.76 crore owned by S Alam Group chairman Mohammed Saiful Alam and his聽entities.
Court orders seizure of S Alam鈥檚 15,915 decimal land
A court in Dhaka on Wednesday ordered to seize 15,915 decimal lands worth Tk 407 crore belonging to S Alam Group chairman Mohammad Saiful Alam and his related persons or entities.
Islami Bank to auction S Alam Group鈥檚 assets
The Islami Bank Bangladesh PLC has announced the auction of about 11 acres of land, factories and warehouses owned by the controversial Chattogram-based conglomerate S Alam Group, in a bid to recover nearly Tk聽10,000 crore in defaulted loans.
S Alam, wife sued over Tk聽1,596cr illegal wealth
The Anti-Corruption Commission on Tuesday filed two separate cases against S Alam Group chairman Mohammad Saiful Alam,聽 also known as S Alam, and his wife Farzana Parveen on charges of abusing power and amassing illegal wealth worth Tk聽1,596 crore.
Islami Bank to auction S Alam subsidiary co
Islami Bank Bangladesh PLC has issued a notice to auction the assets of Infinity CR Strips Industries Limited, a subsidiary of S Alam Group, to recover outstanding loans...
Travel ban on 11 linked to S Alam, family
A Dhaka court on Tuesday imposed travel bans on 11 people involved with the interests of S Alam Group chairman Mohammad Saiful Alam, and his family...
Bank officers helped S Alam drain Tk 2,000cr
A recent Bangladesh Bank inspection has revealed that employees of banks previously controlled by S Alam Group systematically facilitated massive, unrecorded cash withdrawals for the controversial conglomerate.
Court orders freezing of S Alam family鈥檚 Tk 5,109cr shares, profits
A Dhaka court on Wednesday ordered to freeze shares, owned by S Alam Group owner Mohammed Saiful Alam and his family members, worth more than Tk 5,109 crore of different companies and profit against the shares...
Seizure of wealth of Tk 368.25cr of S Alam, family ordered
The Dhaka Metropolitan Senior Special Judge Court on Thursday ordered the seizure of over 58 acres of land worth Tk 368.25 crore owned by S Alam Group chairman Mohammad Saiful Alam, his family members and business entities.
S Alam Group financial crimes, aides shouldn鈥檛 go unpunished
THE shocking extent of financial crimes of the S Alam Group is evident in the recent disclosure of the amount of loans that the group has taken out from 10 banks and a non-bank financial institution. The Financial Intelligence Unit reveals that the group had taken a staggering Tk 2.25 lakh crore, or $16.6 billion, from these institutions. About 44 per cent, or...
S Alam鈥檚 loans hit Tk 2.25 lakh crore, 44pc anonymous
Controversial Bangladesh-origin business tycoon S Alam Group has acquired a staggering Tk聽2.25 lakh crore from 10 banks and a non-bank financial institution, pushing the country鈥檚 banking sector and economy into a severe crisis.
Seizure of 16 properties of S Alam ordered
The Dhaka Metropolitan Senior Special Judge鈥檚 court on Tuesday ordered the seizure of 68 bank accounts and 16 properties of S Alam Group chairman Mohammed Saiful Alam and his family.
MDs of six banks asked to go on聽 leave before forensic audit
The Bangladesh Bank has asked six banks to send their managing directors on a three-month leave before the banks鈥� forensic audits to be conducted by an international audit firm.
Nine factories of S Alam Group reopened
The S Alam Group reopened its nine factories on Wednesday following its withdrawal of the closure notices for the factories in the previous day...
Six factories of S Alam Group closed
Six factories under the controversial S Alam Group have been shut down indefinitely, leaving employees and workers of the factories in distress.
Islami Bank MD forced to leave office
Islami Bank Bangladesh Limited managing director Mohammed Monirul Moula has remained absent in the office since Sunday as he has been barred by a group of officials from entering the office on allegations of continuing his support to controversial S Alam group.
Entrepreneur sues S Alam for Tk 29cr embezzlement
A female entrepreneur in Chattogram filed a case against S Alam Group chairman Saiful Alam and his personal assistant, Akij Uddin, alleging embezzlement of Tk 29 crore.
Govt to buy edible oils from controversial S Alam Group
A meeting of the Cabinet Committee on government purchase on Wednesday approved 16 proposals, including two on purchasing edible oils from S Alam Super Edible Oil Ltd, a subsidiary of the controversial S Alam Group...
FSIB employees hold protest outside S Alam residence
Officials and employees of the privately-owned First Security Islami Bank staged a protest in front of the residence of S Alam Group鈥檚 owner in Chattogram, demanding repayment of Tk 35,000 crore...
Seizure of S Alam Group shares ordered
The Chattogram Artha Rin Adalat has ordered the seizure of shares held by S Alam Group chairman Saiful Alam and his brother Abdus Samad with two banks, in connection with a Tk聽2,000 crore loan default at Janata Bank.
S Alam Group sued for Tk 1,963cr loan default
Janata Bank PLC has filed a Tk 1,963 crore defaulted loan case against controversial business conglomerate S Alam Group in Chattogram Money Loan Court.
