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ACC sues S Alam’s son, 57 others for ‘embezzling Tk 1,092cr’

The Anti-Corruption Commission, ACC, has filed a case against 58 people, including Ahsanul Alam, former chairman of Islami Bank Bangladesh PLC and son of S Alam Group owner Saiful Alam, for allegedly embezzling around Tk 1,092 crore through loan fraud.

Yeasir Arafat, deputy director of ACC's Chattogram coordinated district office-1, filed the case on Thursday, December 19.

IBBPLC’s former director and EC committee chairman Dr Mohammad Selim Uddin, former vice chairman Dr Tanvir Ahmed, former directors D Md Fasiul Alam, Quazi Shahidul Alam, Dr Md Sirajul Karim, Jamal Mostafa Chowdhury, Md Joynal Abedin, and Khurshid ul Alam are among those who were named in the case.

According to the case statement, Golam Sarwar Chowdhury, the owner of M/s Murad Enterprise linked to S Alam Group, applied for loan at Islami Bank’s Chaktai branch in Chattogram in November 2021 submitting fake documents and the bank officials approved the loan without verification as per pre-plan.

MDIH/MSU