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...
Tags : S Alam
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...
Bangladesh Bank restricts lending activities of six S Alam-linked banks
The Bangladesh Bank on Monday restricted S Alam Group-controlled six banks from issuing new loans to safeguard depositors鈥� money...
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...
Physical assaults, checking mobile phones violation of rights, law: Sarjis Alam
A key coordinator of the Student Movement Against Discrimination platform, Sarjis Alam, on Friday said that stripping someone, launching physical assault, checking...
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...
S Alam joins hands with govt to revive sugar mills
S Alam and Co, one of the leading industrial groups of the country, joined hands with the government for sugarcane production and modernisation of sugar mills in...
S Alam must pay Tk 3,538cr in unpaid VAT: HC聽
The High Court said on Monday that S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd must pay unpaid Tk 3, 538 crore Value Added Tax that they evaded in...
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....