The dismissed officers and employees of three private banks owned by the S Alam Group staged a protest by blocking the Chattogram-Cox鈥檚 Bazar highway on Sunday morning, demanding their reinstatement...
The Anti-Corruption Commission on Thursday summoned 17 officials of Bangladesh Bank for interrogation in connection with the embezzlement of money through sanctioning loans of thousands of crores of taka...
Mohammed Saiful Alam, chairman and founder of S Alam Group, has claimed protection under his Singapore citizenship from what he described as a 鈥榗ampaign of intimidation鈥� led by Bangladesh Bank governor Ahsan H Mansur against his business conglomerate, according to a report published by the Financial Times on Monday.
Union Bank PLC and First Security Islami Bank PLC have dismissed a total of 456 officers, allegedly appointed under the influence of controversial S Alam Group bypassing established recruitment protocols...
First Security Islami Bank has taken decisive action against officials implicated in money laundering and issuing fraudulent loans to S Alam Group. The bank has withdrawn 194 officials, including 24 branch managers from its Chattogram region, in a sweeping move to address the irregularities...
Islami Bank PLC鈥檚 board of directors have appointed four audit firms to investigate irregularities in the bank after it was occupied by S Alam Group, according to a board member who confirmed the development to UNB.
Social Islami Bank has terminated 579 assistant officers reportedly appointed under the influence of the S Alam Group in violation of the bank鈥檚 hiring protocol...
In an interview with the Financial Times, Bangladesh Bank governor Ahsan Mansur accused powerful business tycoons of siphoning off $ 17 billion from the banking sector of the country during the 15-year rule of the ousted prime minister Sheikh Hasina...
A Dhaka court has issued a travel ban on Saiful Alam, the owner of S Alam Group, his wife Farzana Parveen and 11 family members.
Bangladesh Financial Intelligence Unit has finally frozen the bank accounts of S Alam Group chairman Saiful Alam and his associates, amid allegations of corruption, asset accumulation, and...
The High Court on Sunday directed the interim government to submit a comprehensive list of all the immovable assets owned by S Alam Group, its shareholder directors, and...
A Supreme Court lawyer has lodged a complaint with the Anti-Corruption Commission (ACC), seeking legal action against the two sons of controversial businessman Mohammad Saiful Alam, chairman of...
The High Court on Sunday directed the Anti-Corruption Commission chairman to submit a progress report on the investigation into money laundering allegations against...
The High Court on Thursday adjourned until September 22 the hearing on a writ petition seeking an injunction on the transfer or sale of assets owned by S Alam Group, its...
Singapore鈥檚 Financial Intelligence Unit has urged the Bangladesh Financial Intelligence Unit to provide details on the local and foreign assets of S Alam Group and its owners.
Mir Group of Companies had clarified that it had no affiliation with the Chattogram -based Mir Group or the S Alam Group, said a press release on Tuesday...
The controversial S Alam Group has withdrawn over Tk 90,000 crore loans from Islami Bank Bangladesh alone, accounting for more than 50 per cent of the shariah-based bank鈥檚 total loan...
The Bangladesh Bank will facilitate limited bailouts for crisis-hit eight banks, which were previously under the control of the S Alam Group, through the interbank lending system, BB governor Ahsan H Mansur said on Wednesday...
Bangladesh Nationalist Party on Monday served show-cause notice on its standing committee member Salahuddin Ahmed and joint secretary general Khairul Kabir Khokon for breaching party discipline...
Two security personnel, including the assistant security in-charge of SS Power Plant, a coal-fired power plant owned by S Alam Group, were stabbed to death on early Monday in Banshkhali upazila of Chattogram...
The Bangladesh Bank on Sunday dissolved the board of First Security Islami Bank PLC, which was under the control of controversial S Alam Group, and appointed independent directors to the bank board...
The Chittagong Port Authority has asked its branches and sub-branches to stop accepting pay orders, cheques and bank guarantees from nine troubled banks, seven of which were linked with S Alam Group...
The ministry of power, energy and mineral resources on Thursday decided to cancel the S Alam Group鈥檚 proposal for implementation of installation of Eastern Refinery Limited Unit-2...
Bangladesh Bank governor Ahsan H Mansur on Wednesday warned people not to purchase any assets linked to S Alam Group and said that the government planned to seize those assets to compensate depositors...
The Bangladesh Financial Intelligence Unit has sought the bank account details聽of 13 people, including seven brothers of S Alam Group鈥檚 Saiful Alam...
Bangladesh Bank on Sunday dissolved the board of directors of Social Islami Bank Limited and appointed independent directors in an effort to free the bank from the controversial...
The Bangladesh Bank on Thursday appointed five independent directors to Islami Bank Bangladesh after seizing all shares held by previous board members connected with S Alam Group...
The Anti-Corruption Commission started an inquiry against S Alam Group chairman Mohammad Saiful Alam over allegations of laundering money to Singapore...
The Bangladesh Bank on Wednesday dissolved the Islami Bank Bangladesh board to free it from the control of S Alam Group and decided to appoint independent directors temporarily to manage the bank...
The Bangladesh Securities and Exchange Commission on Tuesday聽 blocked share sales and transfers by S Alam Group, its family members, and associates across six banks controlled by...
