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 shareholders sent a letter to the BSEC and Bangladesh Bank in this regard on the day.
They mentioned that the group directly and indirectly held 82 per cent shares of Islami Bank in the name of 24 companies.
Mentioning the volume of shares and names of the companies and their appointed directors, the officials urged the commission to freeze those shares so that they cannot sell the shares.
The letter alleged that S Alam Group took over the bank through various domestic and foreign company names using its influence and illegal manner.
The group also forced general shareholders to sell shares of Islami Bank so that the group can control the majority shares at the bank, the letter claimed.
The shareholders also said that the group created loans from Islami Bank to purchase the shares of the bank.
Therefore, the shares should be frozen so that the group鈥檚 officials cannot flee selling those shares.
The shareholders鈥� demand came after Sheikh Hasina resigned as prime minister on August 5 amid acute student protests.
S Alam was reportedly a close ally of Sheikh Hasina.