A Dhaka court has issued a travel ban on Saiful Alam, the owner of S Alam Group, his wife Farzana Parveen and 11family members. Dhaka Metropolitan Senior Special Judge Mohammad Zoglul Hossain passed the order in response to a petition from Anti-Corruption Commission's Public Prosecutor Mir Ahmed Ali Salam on Monday. In
Tag: S Alam Group
High Court orders S Alam Group to submit asset list
The High Court has directed S Alam Group, its shareholder directors, and their family members to submit a comprehensive list of their immovable assets within the next four weeks. The order was issued to the Secretary of the Ministry of Law and the Director General of the Directorate of Registration. This
S Alam Group took more than half of loans of Islami Bank
Tk 1,13,245 lakh crore laundered abroad: CID starts investigation against S Alam Group
The Criminal Investigation Department (CID) has launched an investigation into Md Saiful Alam, the owner of S. Alam Group, and his associates under the Money Laundering Act. The investigation involves allegations of fraud, forgery, over-invoicing, under-invoicing, and organized crimes through hundi operations, which have reportedly led to the laundering of
Bangladesh Bank to dissolve Islami Bank board controlled by S Alam Group
Bangladesh Bank has announced plans to dissolve the board of Islami Bank, currently controlled by S Alam Group, as part of broader reforms aimed at ensuring good governance in the banking sector. Governor Ahsan H. Mansur made the announcement during a press conference held at the central bank's headquarters on Wednesday.
S. Alam Group to invest Tk 58,000cr in BEZA
S. Alam Group, one of the leading business conglomerates of the country, is in the process of investing more than Tk 58,000 crore in two special industrial zones approved by Bangladesh Economic Zones Authority (BEZA). When the operation of these two special economic industrial zones under construction in Banshkhali of Chattogram
S. Alam Group imported edible oil worth Tk 2,200cr this
HC for probe into allegation on report on S Alam group
-The High Court on Sunday asked the authorities concerned to investigate the allegations brought against S Alam Group over "transferring money abroad and investing in foreign countries without permission from Bangladesh Bank" and submit the report within two months. The HC bench of Justice Md Nazrul Islam Talukder and Justice Khizir
