The Anti-Corruption Commission (ACC) has filed a record-breaking case against 67 individuals, including prominent Chattogram industrialist Saiful Alam, known as S. Alam, accusing them of embezzling and laundering Tk 10,479 crore from Islami Bank Bangladesh Limited. The case alleges that the accused colluded to secure massive loans under the names of several S. Alam Group companies—S. Alam Refined Sugar Industries, S. Alam Steels, and S. Alam Trading—violating Bangladesh Bank regulations. The ACC investigation revealed manipulation of bank software, approval of loans beyond legal limits, and transfer of large sums to offshore accounts, including Singapore. Former and current top executives of Islami Bank, along with several S. Alam Group officials, are implicated. Officials describe this as the largest financial embezzlement case in Bangladesh’s history, exposing deep-rooted irregularities in the banking sector.