The Anti-Corruption Commission (ACC) of Bangladesh has filed three separate cases against three subsidiaries of S. Alam Group, accusing them of embezzling Tk 6,243 crore from state-owned Janata Bank under the guise of business loans. The cases were lodged at the ACC Chattogram-1 office, naming S. Alam Group chairman Saiful Alam Masud, his wife Farzana Parveen, and several Janata Bank officials as defendants.
According to the ACC, the alleged embezzlement occurred between 2005 and 2024 through S. Alam Vegetable Oil Ltd, S. Alam Cold Rolled Steel Mills Ltd, and S. Alam Trading Company Ltd. Each entity is accused of obtaining loans and misappropriating funds with accrued interest. The cases follow two earlier lawsuits filed on December 17 involving another Tk 3,085 crore linked to the group’s sugar and edible oil mills.
Investigators said the probe is ongoing and may expand to include additional individuals and institutions. The cases highlight growing scrutiny of corporate loan practices and potential collusion between private conglomerates and state-owned banks.
চট্টগ্রাম ব্যুরো প্রকাশ : ২১ ডিসেম্বর ২০২৫, ১৮: ০৫ চট্টগ্রাম ব্যুরো ক্ষমতাচ্যুত আওয়ামী লীগ সরকারের সময় সুবিধা পাওয়া শিল্পগোষ্ঠী এস আলম গ্রুপের তিনটি প্রতিষ্ঠানের বিরুদ্ধে ঋণের নামে সোয়া ছয় হাজার কোটি টাকা আত্মসাতের অভিযোগে তিনটি মামলা করেছে দুর্নীতি
The ‘1 Nojor’ media platform is now live in beta, inviting users to explore and provide feedback as we continue to refine the experience.
