The National Board of Revenue has asked banks and financial institutions to provide account details of Mohammed Saiful Alam, commonly known as S Alam, his family members and business organisations of the family.
The income tax zone 15 of the NBR issued a letter, signed by the commissioner of taxes of zone 15 Ahsan Habib, to 91 banks and financial institutions on August 14 seeking the information.
Details of the bank accounts of S Alam, his wife Farzana Parvin, mother Chemon Ara Begum, and brother Abdullah Hasan were sought in the letter.
Besides, details of the bank accounts or credit information of their parents, son, daughter, brother, or sister in the joint name or in the name of business organisations have also been sought.
The NBR asked for all information under the Income Tax Law 2023 of Section 200.
S Alam鈥檚 wife Farzana Parvin and his brother Abdullah Hasan are the directors of S Alam Luxury chair coach service and S Alam cold Rolled Steels Limited, his mother Chemon Ara Begum is director of S Alam Luxury chair coach service.
Numerous allegations against S Alam Group surged in recent times, including money laundering and default on loans.
According to the recent media reports, the group withdrew around Tk 55,000 crore from Islami Bank alone while it took more than Tk 1 lakh crore from several banks the group controlled.
The S Alam group directly and indirectly controlled seven banks in the country.
The group started to take over these banks since 2017 with the backing of the Awami League-led government.
S Alam and his family members assembled huge assets in foreign countries without taking permission from the central bank.
The NBR has asked for the bank details of S Alam, and his family members after more than a week, following Sheikh Hasina鈥檚 resignation and fleeing from the country on August 5 due to an unprecedented student-led mass uprising, ending her 15-years of authoritarian rule.
