Four top bankers arrested in DSA case filed by S Alam group  | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
July 21, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JULY 21, 2025
Four top bankers arrested in DSA case filed by S Alam group 

Bangladesh

TBS Report 
19 January, 2023, 10:45 pm
Last modified: 19 January, 2023, 10:49 pm

Related News

  • Global Islami Bank to propose no dividend for 2023 as audit finds heavy losses
  • Economist Abul Barkat arrested in graft case
  • Court freezes 53 more bank accounts with Tk113cr linked to S Alam Group chairman
  • Islami Bank offers structured savings schemes for Hajj and Umrah
  • Islami Bank market cap rises by Tk1,690cr last week

Four top bankers arrested in DSA case filed by S Alam group 

TBS Report 
19 January, 2023, 10:45 pm
Last modified: 19 January, 2023, 10:49 pm
Four top bankers arrested in DSA case filed by S Alam group 

The Detective Branch of Dhaka Metropolitan Police has arrested four top bankers including three Islami Bank officials for their alleged involvement in smearing negative campaign regarding Bangladesh's economy and banking sector. 

The four bankers have been shown arrested in Digital Security Act case filed with the Gulshan Police Station by an official of S Alam Group—which owns the Islami Bank Bangladesh Limited. 

Monirul Islam, additional deputy commissioner of Detective Branch's Cyber & Special Crime unit confirmed the matter to The Business Standard. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the DB, the arrestees are Islami Bank's executive vice-presidents Sayeed Ullah and Shahidullah Majumder, Habibur Rahman, an official of the bank's security department, and Mosharraf Hossain, a former deputy managing director of Islami Bank who is now working at Social Islami Bank as the chief remittance officer.

While speaking to reporters, DB chief Harun-or-Rashid on Thursday said that the four bankers were arrested from different areas in the capital on Wednesday.

The arrestees have been spreading false information about Islami Bank, he claimed. 

"Islami Bank is a reputed bank. Few individuals have been attempting to destabilise the country's financial sector by spreading false information about banks and financial institutions through social media and other means," the DB chief added.

Harun-or-Rashid also said that the arrestees are associated with Jamaat-e-Islami and Islami Chhatra Shibir. 

Earlier, on 9 Januray the DB official in a brief said that Jamaat-Shibir men are spreading rumours about the Islami Bank and S Alam Group through various media to embarrass the government. The same agency said that they had arrested five people for spreading rumours about the Islami Bank and the S Alam Group.

They are Mohammad Noor Un Nabi, Afsar Uddin Roman, Abu Said Saju, Md Swadhin Mia and Md Abdus Salam. They were arrested by the cybercrime department (north) of the detective branch after conducting raids in different areas of the capital on 8 January.

Islami Bank recently came to scrutiny after the disclosure of information that the Chattogram-based S Alam Group has lifted a stupendous sum of money in loans – more than Tk30,000 crore – from the bank that the business group controls.

The amount was way beyond the group's entitlement, prompting the Bangladesh Bank to appoint observers at the bank.

Top News / Banking

DB / S Alam Group / Islami Bank

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: TBS
    High US dependence may bring over 250 RMGs to edge as high tariff looms
  • Photo: Collected
    BNP alleges arrests, harassment of innocent civilians in Gopalganj's Kotalipara
  • Army patrol amid curfew in Gopalganj on 17 July 2025. Photo: Olid Ebna Shah/TBS
    Curfew, Section 144 withdrawn in Gopalganj

MOST VIEWED

  • Photo: Mohammad Minhaz Uddin
    Ctg port to deliver 16 more products via private depots to ease congestion
  • A roundtable titled ‘US Reciprocal Tariff: Which Way for Bangladesh?’, held at a hotel in Dhaka on 20 July 2025, organised by Prothom Alo. Photo: TBS
    Things don’t look good for Bangladesh: US brands warn exporters amid tariff hike
  • Infograph: TBS
    Liquidation of troubled NBFIs may cost govt Tk12,000cr in taxpayer money
  • File Photo: Debapriya Bhattacharya, head of the White Paper Committee, speaks at a press conference at the planning ministry in Dhaka on Monday, 2 December, 2024. Photo: Collected
    Govt’s NDA signing a first of its kind in Bangladesh’s history: Debapriya on US tariff talks
  • Infograph: TBS
    Dhaka to seek G2G coal import, investment in solar plants during CA’s visit to Jakarta
  • On behalf of the Bangladesh government, Director General of the Directorate General of Food Md Abul Hasanath Humayun Kabir signed the MoU, while Vice President of US Wheat Associates Joseph K Sowers signed on behalf of the United States. Photo: Courtesy
    Bangladesh signs MoU to import 7 lakh tonnes of wheat annually from US for 5 years

Related News

  • Global Islami Bank to propose no dividend for 2023 as audit finds heavy losses
  • Economist Abul Barkat arrested in graft case
  • Court freezes 53 more bank accounts with Tk113cr linked to S Alam Group chairman
  • Islami Bank offers structured savings schemes for Hajj and Umrah
  • Islami Bank market cap rises by Tk1,690cr last week

Features

Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Despite poor accommodation, Ghagra’s women footballers bring home laurels

4h | Panorama
Photos: Collected

Water-resistant footwear: A splash of style in every step

6h | Brands
Tottho Apas have been protesting in front of the National Press Club in Dhaka for months, with no headway in sight. Photo: Mehedi Hasan

From empowerment to exclusion: The crisis facing Bangladesh’s Tottho Apas

23h | Panorama
The main points of clashes were in Jatrabari, Uttara, Badda, and Mirpur. Violence was also reported in Mohammadpur. Photo: TBS

20 July 2024: At least 37 killed amid curfew; Key coordinator Nahid Islam detained

23h | Panorama

More Videos from TBS

Hasina government's close associates are giving up ownership of property in the UK

Hasina government's close associates are giving up ownership of property in the UK

3h | Others
Sculptor Hamiduzzaman Khan's death marks the end of a colorful life

Sculptor Hamiduzzaman Khan's death marks the end of a colorful life

3h | Others
News of The Day, 20 JULY 2025

News of The Day, 20 JULY 2025

3h | TBS News of the day
Are good relations being developed between political parties?

Are good relations being developed between political parties?

3h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net