A Chattogram financial loan court has issued a five-month civil imprisonment warrant against 11 individuals, including controversial industrialist Saiful Alam, also known as S Alam, for failing to repay a defaulted loan of about Tk 84.49 crore owed to Islami Bank. The order was delivered on Thursday by Judge Md Helal Uddin of Financial Loan Court-1, confirmed by the court’s bench assistant Md Ershad.

According to court sources, Islami Bank filed the case on January 20 of this year after the defendants failed to repay the loan. The bank later applied for a civil sentence under Section 34 of the Financial Loan Court Act, 2003, as no movable or immovable assets belonging to the defendants could be found and the loan remained unpaid. The court granted the application and issued the warrant.

The accused include S Alam, several family members, and associates linked to S Alam Group and Oji Travels Limited. Previous court orders had already frozen their bank accounts and seized properties amid multiple corruption and money laundering allegations during the former Awami League government.