s alam group
S Alam says Singapore citizenship is a shield against central bank ‘intimidation’: FT
The letter and Saiful Alam’s threat to pursue international arbitration mark his most serious pushback yet against Bangladesh’s interim government.
Islami Bank to realise Tk 10,000cr by selling S Alam Group’s stake
Islami Bank Bangladesh plans to sell the S Alam Group’s stake in the bank to realise dues of around Tk 10,000 crore from the controversial conglomerate.
BB probe into Union Bank: ‘S Alam staffer’ took Tk 118cr sans approval
A “staffer of S Alam Group” took out Tk 118 crore from Union Bank without any approval or following any banking norms, indicating how the controversial business conglomerate used the bank.
Two S Alam sons dodged Tk 75cr in taxes in 20-21
At least six tax officials, including the then tax commissioner, were involved in extending undue favour to two sons of controversial businessman Mohammed Saiful Alam to legalise undisclosed money worth Tk 500 crore, an investigation by the tax intelligence has found.
S Alam took out 86pc of Global Islami Bank’s loans
S Alam Group and its linked companies account for more than 86 percent of the disbursed loans of Global Islami Bank (GIB), one of the six Shariah-based lenders that were controlled by the Chattogram-based business giant.
S Alam’s tax file shows no foreign income
S Alam Group owner Mohammed Saiful Alam’s 2022-2023 tax file is a puzzle. In that tax year, he declared personal assets worth Tk 2,532 crore, but did not show any personal bank loans from Bangladesh or his foreign income.
Globe Edible Oil Ltd: S Alam’s backdoor takeover attempt
S Alam Group’s takeover of the Islami Bank to drain the healthiest bank of the country had left investors and customers in shock. It did not stop there.
HC wants update of probe into money laundering allegations against S Alam by Sept 29
The High Court today sought to know updated information about the probe into money laundering allegations against S Alam Group. The court asked the Anti-Corruption Commission (ACC) lawyer Shaheen Ahmed to place the information before it on September 29.
Singapore’s Financial Intelligence Unit seeks info on S Alam Group
The overseas assets of S Alam Group, including those in Singapore, came under scrutiny following recent media reports.
The robbing of Islami Bank
How could two state institutions participate in this process?
How Islami Bank was taken over ‘at gunpoint’
Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.
BNP leaders help secure S Alam's luxury cars, video goes viral
A video has gone viral where some BNP leaders of Chattogram were seen supervising the relocation of 14 luxury cars of Saiful Alam Masud, chairman of S Alam Group, and his family members from one place to another for safety
‘I was forced to step down’
Islami Bank’s former managing director Abdul Mannan had not appeared or spoken publicly since S Alam Group took control of the bank in March 2017.
Do not buy S Alam's assets: BB governor
The S Alam Group is trying to sell properties that are not mortgaged to banks
How S Alam family grabbed multiple banks
Bangladesh Bank permitted Mohammed Saiful Alam and his family to seize multiple banks and funnel enormous sums as loans
S Alam barred from fund transfer, cashout, LC opening
The Bangladesh Bank yesterday instructed six S Alam-owned banks to stop any money going out of the accounts in the name of the Chattogram-based business giant, its associates’ companies and related persons.
Bank accounts of 4 firms linked with S Alam’s personal secretary frozen
The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh
Banking details sought of S Alam, 12 family members, companies
The BFIU also sought information related to their loan accounts with guarantee and loan repayment
Islami Bank finally freed from S Alam Group
After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.