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Bangladesh Politics

Court Orders Seizure of S. Alam Group’s Assets Worth 200 crores BDT Over Loan Default

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1Nojor Desk
  • 08 Aug 25
  • 11:35 PM

The court has directed the seizure of assets valued at 200 crores BDT belonging to S. Alam Group until the pending loan recovery case is resolved. Islami Bank filed the case to recover a defaulted loan of 2800 crores BDT given to S. Alam Cold Rolled Steels Limited for raw material imports. The court ordered the seizure of land and flats in Dhaka and Sutrapur, along with lien money held in Pubali Bank, to secure the loan repayment.

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Jugantor 08 Aug 25

Court Orders Seizure of Assets Worth 20 Billion BDT of S. Alam

The court has ordered the seizure of assets worth 20 billion Bangladeshi Taka (approximately 2,000 crore) belonging to S. Alam Group until the resolution of a pending case. This directive was issued by Judge Md. Helal Uddin of the Chattogram Money Loan Court-1 on Thursday in a case filed by Islami Bank.

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