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...
Tags : S Alam
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 The bank has withdrawn 194 officials, including 24 branch managers from its Chattogram region, in a sweeping move to address the irregularities...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.
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...
BSEC begins probe into alleged stock rigging by Salman, S Alam
The Bangladesh Securities and Exchange Commission on Monday launched an investigation into allegations of stock market anomalies by Salman F Rahman, private industries and...
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...
CID begins probe against S Alam, others over laundering TK 1 lakh core
The Criminal Investigation Department on Saturday said that the agency launched an investigation against S Alam Group chairman and managing director Mohammed聽Saiful Alam, his wife and...
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...