The state-owned Eastern Refinery (ERL) is likely to build its long-planned second unit in partnership with Chattogram-based conglomerate S Alam Group after previous attempts to expand the country’s oil refining capacity fell through because of a lack of financing.
The Appellate Division of the Supreme Court today discharged the High Court Division’s suo moto rule that had ordered an investigation into S Alam Group’s wealth abroad
The Supreme Court chamber judge today put on hold until next year the inquiry into S Alam Group owner Mohammed Saiful Alam’s "assets abroad".
A petition has been filed with the Appellate Division of the Supreme Court seeking stay on a High Court order that asked the authorities concerned to probe allegations against the owner of S Alam Group of amassing huge amounts of properties abroad without Bangladesh Bank's permission
S Alam Group on Monday submitted two petitions, one seeking to be made a party to a probe ordered by the High Court, and the other seeking a retraction of the probe and a gag order on media
The High Court yesterday declined to entertain a verbal appeal for recalling its August 6 order that had asked government authorities to probe the allegations that S Alam Group owner Mohammed Saiful Alam is running offshore businesses without Bangladesh Bank’s permission.
The HC order came after The Daily Star published an investigative report on August 4 on S Alam's business empire worth at least about $1 billion in Singapore
A legal notice was served on the government, four editors of national newspapers, including The Daily Star, and seven journalists of the dailies on Thursday for reports the dailies published on Mohammad Saiful Alam and S Alam Group.
Below is the full unedited text of the rejoinder, dated August 7, 2023, along with our response
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.
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.
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.