HC orders probe into allegations against S Alam Group

The High Court (HC) on Sunday asked the authorities concerned of the government to hold a probe into allegations of money laundering against S Alam Group. 

The Anti-Corruption Commission (ACC), Bangladesh Financial Intelligence Unit (BFIU) and Bangladesh Bank have been directed to conduct an investigation and submit a report to the HC within two months.

The court also issued a rule asking the authorities concerned of the government to explain why their failure to prevent the alleged activities of the S Alam Group owner should not be declared illegal.

The HC bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat Lizu issued the order and rule on a suo motu (voluntary) move following a report published on a English daily on August 4 under the headline “S Alam’s Aladdin’s Lamp”.

Supreme Court lawyer Syed Sayedul Haque Suman placed the newspaper report before the HC bench.

Suman told Jago News that S Alam Group owner Saiful Alam and his wife have taken huge amount of money abroad breaking all laws of the country. I brought the matter to the court’s attention. The court then issued a rule in this regard as well as an interim order.