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.
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Investigation into financial irregularities the first step forward
The rise and fall of Islami Bank
There are rumours in the market that a highly politically powerful business group is going to take over the ownership of the bank from S Alam Group.
Islami Bank’s loan scams were not unknown to policymakers
Information about S Alam Group has bought a bank with money from another lender and taken controlling stakes in other banks is surfacing now, but people in the banking sector and involved in economic policy-making knew about the developments, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh.
Probe S Alam Group assets
Prime Minister Sheikh Hasina has called for an investigation into the affairs of S Alam Group, which has been in the public discourse in recent times for its alleged excessive borrowing from the banking system in violation of rules.
S Alam Group: 'Govt looking into fund sources'
The government has been looking into the sources of money of S Alam Group across the country, Finance Minister AMA Muhith said yesterday.
Change of guards raises eyebrows
Social Islami Bank Limited yesterday made dramatic changes to its board and top management in a move that can be viewed as strengthening the grip of Chittagong-based S Alam Group on the bank.
Chittagong admin tries to dispel fear
S Alam Group will have to ensure alternative livelihoods for the villagers in Gondamara of Banshkhali upazila if it is to set up a coal-based power plant there, speakers say at a views-exchange meeting.
Banshkhali power plant: Khas land people wary of eviction
Fear of losing livelihood and shelter on khas land has turned hundreds of landless families in coastal Gondamara union of Banshkhali upazila against the proposed coal-fired power plant of S Alam Group.