S Alam Group

Infograph: TBS
Banking

Union Bank's unholy union sank it in deep crisis

Its default loans, which remained at a 3% level, suddenly jumped to 87% in six months after AL’s fall in Aug 2024

S Alam Group Chairman Mohammed Saiful Alam. Photo: Collected
Court

Court freezes 1,360 bank accounts of S Alam Group chairman

Islami Bank moves to auction S Alam Group’s assets to recover debt
Banking

Islami Bank moves to auction S Alam Group’s assets to recover debt

Ahsanul Alam
Corruption

S Alam's son among 52 sued over Tk918cr embezzlement

Photo: Collected
Bangladesh

S Alam Group's 8 factories reopen, but production remains halted

Logos of ACC and S Alam Group. Photos: Collected
Corruption

ACC moves to freeze 8 closed S Alam entities' bank accounts, Janata auctions more land

S Alam shuts down 8 sugar, steel, bag factories
Bangladesh

S Alam shuts down 8 sugar, steel, bag factories

S Alam Group Chairman Mohammed Saiful Alam. Photo: Collected
Bangladesh

S Alam threatens legal action against govt over 'asset freezing, investment destruction': FT

Court orders to freeze 125 bank accounts of S Alam group
Court

Court orders to freeze 125 bank accounts of S Alam group

ACC files case against 58 individuals, including S Alam’s son, over Tk1,092 core embezzlement
Bangladesh

ACC files case against 58 individuals, including S Alam’s son, over Tk1,092 core embezzlement

Janata Bank files Tk2,000cr loan default case against S Alam Group
Bangladesh

Janata Bank files Tk2,000cr loan default case against S Alam Group

Ex-governor forced banks not to classify S Alam default loans, White Paper body finds
Banking

Ex-governor forced banks not to classify S Alam default loans, White Paper body finds

The quizzing began at 10:30am at the ACC headquarters in Dhaka, led by investigating officer Deputy Director Yasir Arafat, and concluded at 2:30pm. Photo: Collected
Bangladesh

ACC grills 5 Islami Bank officials over S Alam Group loan scandal