A video has gone viral where some BNP leaders of Chattogram were seen supervising the relocation of 14 luxury cars of Saiful Alam Masud, chairman of S Alam Group, and his family members from one place to another for safety

Islami Bank’s former managing director Abdul Mannan had not appeared or spoken publicly since S Alam Group took control of the bank in March 2017.

The S Alam Group is trying to sell properties that are not mortgaged to banks

Bangladesh Bank permitted Mohammed Saiful Alam and his family to seize multiple banks and funnel enormous sums as loans

The Bangladesh Bank yesterday instructed six S Alam-owned banks to stop any money going out of the accounts in the name of the Chattogram-based business giant, its associates’ companies and related persons.

The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh

The BFIU also sought information related to their loan accounts with guarantee and loan repayment

After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.

In a major development, three state agencies yesterday made a series of moves against the S Alam Group, its chairman Mohammed Saiful Alam, and his family members amid allegations of loan irregularities during the 15-year tenure of the recently ousted Awami League government.

S Alam Group and its associate companies took out Tk 95,331 crore between 2017 and June this year from six banks, with 79 percent of the sum coming from Islami Bank.

The Bangladesh Bank restricted six banks linked to S Alam Group from lending activities to prevent their situation from deteriorating further amid allegations of wrongdoing.

As much as 90 percent of the loans disbursed by a branch of state-run Janata Bank was for S Alam Group, in yet another instance of how the Chattogram-based business giant exerted its influence on the country’s banking sector.

SIBL, in which Chattogram-based S Alam Group holds a majority stake, hid Tk 7,924 crore of its defaulted loans, according to an inspection by the central bank.

With penalty, they owe government over Tk 7,000cr; S Alam Group director says they didn’t ‘evade even a single taka in VAT’

The state-owned Eastern Refinery (ERL) is likely to build its long-planned second unit in partnership with Chattogram-based conglomerate S Alam Group after previous attempts to expand the country’s oil refining capacity fell through because of a lack of financing.

The Appellate Division of the Supreme Court today discharged the High Court Division’s suo moto rule that had ordered an investigation into S Alam Group’s wealth abroad

The Supreme Court chamber judge today put on hold until next year the inquiry into S Alam Group owner Mohammed Saiful Alam’s "assets abroad".

A petition has been filed with the Appellate Division of the Supreme Court seeking stay on a High Court order that asked the authorities concerned to probe allegations against the owner of S Alam Group of amassing huge amounts of properties abroad without Bangladesh Bank's permission

S Alam Group on Monday submitted two petitions, one seeking to be made a party to a probe ordered by the High Court, and the other seeking a retraction of the probe and a gag order on media

The High Court yesterday declined to entertain a verbal appeal for recalling its August 6 order that had asked government authorities to probe the allegations that S Alam Group owner Mohammed Saiful Alam is running offshore businesses without Bangladesh Bank’s permission.