S Alam Islami Bank Money Loan Court sentence
Daily Star reporting says Chattogram Money Loan Court-1 sentenced Mohammed Saiful Alam and 10 executives to five months in an Islami Bank loan non-repayment case.
- Category
- Banking misconduct
- Jurisdiction
- Bangladesh
- Authority
- Chattogram Money Loan Court-1
- Court
- Chattogram Money Loan Court-1
- Filed
- 26 Aug 2025
- Last verified
- 13 Aug 2026
Detailed description
The Daily Star reported on May 21, 2026, that Chattogram Money Loan Court-1 sentenced S Alam Group chairman Mohammed Saiful Alam and 10 executives to five months' imprisonment after a petition by Islami Bank Bangladesh PLC's Khatunganj branch over an OG Travels Ltd loan non-repayment matter. This record is kept as a narrow money-loan court verdict; it is not a final finding on the broader ACC allegations or investigative reporting involving S Alam Group.
People involved and exact roles
Convicted person · Sentenced in Daily Star money-loan court reporting; broader ACC allegations remain separately tracked.
Sentenced in Daily Star money-loan court reporting; broader ACC allegations are tracked separately.
Timeline
Case filing reporting
Daily Star reported that Islami Bank's Khatunganj branch filed the case in Money Loan Court after failing to recover the loan.
Money Loan Court verdict
Reporting says Chattogram Money Loan Court-1 sentenced Mohammed Saiful Alam and 10 executives to five months' imprisonment.
Evidence summary
The Daily Star court report provides loan approval, disbursement, non-repayment allegation, Islami Bank petition, and May 2026 verdict context.
Outcome
Daily Star reporting says the court sentenced Mohammed Saiful Alam and 10 executives to five months' imprisonment.
Convicted and sentenced in money-loan court reporting Five months' imprisonment