Subject
Linked as the central subject of S Alam Group bank-control transition reporting in Prothom Alo and Daily Star investigations.
Institutional capture
S Alam-Islami Bank takeover reporting
An institutional-capture record based on Prothom Alo and Daily Star investigative reporting about the 2017 control transition at Islami Bank Bangladesh PLC.
What happened
In 2026 Prothom Alo published a detailed account of the 2017 Islami Bank takeover based on former directors, bank officials, and Bangladesh Bank sources, including reported state-security pressure and the transition of control to S Alam Group. Daily Star's 2024 investigation separately described how the S Alam family allegedly came to control multiple banks. This incident captures investigative-reporting context; it is not a conviction, final official finding, or complete court case.
People involved and exact roles
Institutions
Sources
How S Alam family grabbed multiple banks
ReviewedThe Daily Star · 27 Aug 2024
Investigative report on how Mohammed Saiful Alam and family members allegedly used regulatory permission and bank shareholding structures to control several banks and financial institutions.
View source'Hey, who are you people?' — The story of a bank takeover
ReviewedProthom Alo · 11 May 2026
Detailed report based on former directors, bank officials and Bangladesh Bank sources describing the alleged 2017 transfer of Islami Bank control to S Alam Group under state-security pressure.
View source