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...
Tags : S Alam Group
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.
Mir Group of Companies鈥� clarification
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...
S Alam group withdraws聽Tk 90,000cr from Islami Bank Bangladesh alone
The controversial S Alam Group has withdrawn over Tk 90,000 crore loans from Islami Bank Bangladesh alone, accounting for more than 50 per cent of the shariah-based bank鈥檚 total loan...
Crisis-hit 8 banks to get interbank loan support
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...
BNP serves show-cause notice on Salahuddin, Khokon
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 members of S Alam Group鈥檚 power plant killed in Ctg
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...
BB now frees FSIB PLC from S Alam grip
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...
Chittagong port prohibits transactions with 9 banks
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...
S Alam鈥檚 proposal on ERL Unit-2 scrapped
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...
Governor warns all not to purchase S Alam assets
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...
BFIU to look into bank聽accounts of 13 members of S Alam Group
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 dissolves S Alam-controlled board of SIBL
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...
BB appoints 5 independent directors to Islami Bank
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...
ACC begins probe into S Alam money laundering allegation
The Anti-Corruption Commission started an inquiry against S Alam Group chairman Mohammad Saiful Alam over allegations of laundering money to Singapore...
Bangladesh Bank frees Islami Bank from S Alam control
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...
Sale of S Alam shares of 6 banks blocked
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...
Islami Bank dismisses 8 officials, including five DMDs
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...
BSEC urged to freeze Islami Bank鈥檚 shares held by S Alam Group
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...
BB blocks large cheque payments from 9 banks
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...
BB loses Tk聽55cr in dollar deal with Islami Bank
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...
SIBL hid Tk聽7,853cr in defaulted loans: BB
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 blocks Tk聽892cr withdrawal over S Alam links
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 evade Tk 3,538 crore in VAT
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....
HC rejects probe order against S Alam
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...
Fire breaks out at S Alam Group鈥檚 oil mill in Chattogram
A fire broke out at an oil mill owned by S Alam Group in the Mojjartak area under Karnaphuli thana in Chattogram Friday morning....