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.
Tags : S Alam
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.
Tk 1,092cr Islami Bank Loan Scam: S Alam鈥檚 son, bank MD, ex-chair, 55 others sued
The Anti-Corruption Commission on Thursday filed a case against 58 people, including S Alam鈥檚 family members, Islami Bank managing director Mohammad Monirul Moula and its former chairman Ahsanul Alam, on charges of Tk 1,092 crore embezzlement through loan forgery...
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...
Sarjis named Jatiya Nagarik Committee chief organiser
The Jatiya Nagarik Committee, a platform of the youths who played a pivotal role in the student-led mass uprising, announced its extended organisational structure Monday night, appointing Sarjis Alam as chief organiser.
Police uniform still strikes fear: Sarjis
Sarjis Alam, a coordinator of the Student Movement Against Discrimination and also general secretary of the July Shaheed Smriti Foundation, said that police uniforms continue to strike fear due to the...
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.
Jatiya Nagorik Committee protests at deadly attack on Hasnat, Sarjis
Jatiya Nagorik Committee staged a protest on Wednesday night at Dhaka University鈥檚 Raju Sculpture, condemning the attempted murder of Anti-Discrimination Students Movement conveners Hasnat Abdullah and Sarjis Alam...
Dismissed employees of S Alam-owned banks block road in Ctg
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...
ACC to grill 17 BB officials
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...
S Alam issues legal action threat against Bangladesh: UK newspaper
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, FSIB sack 456 officers over S Alam Group connections
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...
FSIB withdraws 194 officials over corruption related to S Alam Group
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...
Streamlining banking sector should be a policy priority
THE volume of non-performing loans in the banking sector had already been grim during the toppled Awami League. An even grimmer picture is reported with a staggering Tk 2.85 crore in default loans in September, which is a radical increase from what was reported earlier this year. The central bank data show that the defaulted loans shot up to...
Islami Bank appoints audit firms to investigate irregularities after S Alam Group takeover
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.
SIBL sacks 579 officers appointed by S Alam
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...
Tycoons close to Hasina siphoned off $17bn from Bangladesh, BB governor tells Financial Times
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...
JP stages protests against Sarjis鈥檚 visit in Rangpur
The Jatiya Party, ousted Awami League regime鈥檚 close ally, on Saturday staged demonstrations in Rangpur protesting at the visit of Student Movement Against Discrimination central coordinator Sarjis Alam...
Court imposes travel ban on S Alam Group owner, family members
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.
BFIU finally freezes bank accounts of S Alam, associates
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...
HC seeks asset聽list of S Alam聽Group, allies
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...
S Alam鈥檚 sons accused of legalising money
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...
HC asks ACC to report progress in S Alam probe
The High Court on Sunday directed the Anti-Corruption Commission chairman to submit a progress report on the investigation into money laundering allegations against...
HC adjourns hearing of petition to halt S Alam asset transfer
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 seeks聽asset details of S Alam Group in Bangladesh
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.
S Alam takes Tk 3,287cr in power capacity charge
The coal-based 1,224MW Banshkhali power station, owned by the controversial S Alam group, realised up to more than double the amount received by its peers in capacity charge payment in the 2023鈥�24 financial year, revealed data obtained from the Bangladesh Power Development Board...
Sarjis assures remaining beside families of people killed in uprising
Leaders of Anti-discrimination student movement on Sunday exchanged views with the families of the people who were killed and injured in the student-led mass uprising in Manikganj.