S Alam

S Alam, associates laundered money thru shell firms

Mohammed Saiful Alam and his family have acquired vast wealth at home and abroad, using money siphoned off through loans taken in the name of front companies

S Alam, wife sued over illegal assets worth over Tk 1,539cr

The Anti-Corruption Commission has filed two cases accusing S Alam Group owner Mohammed Saiful Alam and his wife Farzana Parveen of amassing illegal wealth worth Tk 1,539.85 crore.

Freezing of assets / S Alam threatens int’l legal action against govt: FT

S Alam Group owner Mohammed Saiful Alam has initiated a legal effort as a Singaporean citizen to recover financial losses he claims were caused by the Bangladeshi government freezing his assets and harming his investments, The Financial Times reports.

Bankers stage demo in front of S Alam House demanding debt repayment

Over a hundred officials from 11 branches of First Security Islami Bank Limited in the Chattogram region and city held a sit-in today in front of S Alam House in the port city demanding debt repayment.

First Security Islami Bank to take action against 194 officials with ties to S Alam scams

A top official, requesting anonymity, said that the new board of the bank uncovered irregularities in loan disbursement at 24 branches and found evidence linking the 194 officials to these loan scams.

Islami Bank to raise Tk 10,000 crore by selling S Alam Group's stake

The bank also intends to invite its former foreign shareholders, including Al Rajhi and the International Finance Corporation, to re-engage with the institution

BB will not close any companies like S Alam, Beximco: Governor

He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector

7 corporate giants barred from share transfer

In a bid to ensure tax compliance, the government has blocked the transfer of shares of seven corporate giants that thrived under the Awami League government.

NBR blocks share transfers by seven corporate giants

The NBR instructed the RJSC to immediately block any sales or transfers of shares, whether through donations or otherwise

May 8, 2025
May 8, 2025

S Alam, associates laundered money thru shell firms

Mohammed Saiful Alam and his family have acquired vast wealth at home and abroad, using money siphoned off through loans taken in the name of front companies

March 26, 2025
March 26, 2025

S Alam, wife sued over illegal assets worth over Tk 1,539cr

The Anti-Corruption Commission has filed two cases accusing S Alam Group owner Mohammed Saiful Alam and his wife Farzana Parveen of amassing illegal wealth worth Tk 1,539.85 crore.

December 24, 2024
December 24, 2024

S Alam threatens int’l legal action against govt: FT

S Alam Group owner Mohammed Saiful Alam has initiated a legal effort as a Singaporean citizen to recover financial losses he claims were caused by the Bangladeshi government freezing his assets and harming his investments, The Financial Times reports.

December 10, 2024
December 10, 2024

Bankers stage demo in front of S Alam House demanding debt repayment

Over a hundred officials from 11 branches of First Security Islami Bank Limited in the Chattogram region and city held a sit-in today in front of S Alam House in the port city demanding debt repayment.

November 19, 2024
November 19, 2024

First Security Islami Bank to take action against 194 officials with ties to S Alam scams

A top official, requesting anonymity, said that the new board of the bank uncovered irregularities in loan disbursement at 24 branches and found evidence linking the 194 officials to these loan scams.

November 18, 2024
November 18, 2024

Islami Bank to raise Tk 10,000 crore by selling S Alam Group's stake

The bank also intends to invite its former foreign shareholders, including Al Rajhi and the International Finance Corporation, to re-engage with the institution

November 18, 2024
November 18, 2024

BB will not close any companies like S Alam, Beximco: Governor

He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector

October 3, 2024
October 3, 2024

7 corporate giants barred from share transfer

In a bid to ensure tax compliance, the government has blocked the transfer of shares of seven corporate giants that thrived under the Awami League government.

October 2, 2024
October 2, 2024

NBR blocks share transfers by seven corporate giants

The NBR instructed the RJSC to immediately block any sales or transfers of shares, whether through donations or otherwise

September 29, 2024
September 29, 2024

S Alam's new corruption information: No bank loans and foreign income

Watch today's episode of Star Viewsroom to find out more