Islami Bank Bangladesh on Monday dismissed eight senior officials, including five deputy managing directors, of the bank on allegations of collaborating with S Alam Group in conducting irregularities...
A group of shareholders on Sunday urged the Bangladesh Securities and Exchange Commission to freeze 82 per cent shares of Islami Bank Bangladesh, held directly and indirectly by S Alam Group...
The Bangladesh Bank on Tuesday asked all scheduled banks not to honour cheques exceeding Tk聽1 crore from nine banks, most of which are controlled by S Alam Group...
The Bangladesh Bank knowingly incurred a loss of Tk聽55 crore by purchasing dollars at a higher rate than it sold to Islami Bank, according to a central bank鈥檚 inspection report...
Social Islami Bank PLC, under S Alam Group鈥檚 control, concealed approximately Tk聽7,853 crore of defaulted loans in its 2023 annual report, according to a Bangladesh Bank report...
Islami Bank Bangladesh has blocked a total of Tk聽892 crore in deposit withdrawal requests made by anonymous companies allegedly linked to the controversial S Alam Group...
Two companies of S Alam Group evaded Tk 3,538 crore in Value Added Tax through various ways in three years between 2019 and 2022....
The High Court on Tuesday revoked its own order that earlier asked the Anti-Corruption Commission and the Criminal Investigation Department to investigate in four months the reported allegations of misappropriation of banks鈥� money and laundering of huge amount of money by various persons and entities, including S Alam Group...
A fire broke out at an oil mill owned by S Alam Group in the Mojjartak area under Karnaphuli thana in Chattogram Friday morning....
