Secondary source

ACC files case against S Alam, 66 others for embezzling Tk 10,500 crore

Bangladesh Sangbad Sangstha

Type: NEWS_REPORT
Document: Not stated
Jurisdiction: Not stated
Published: 9 Nov 2025
Accessed: 8 Aug 2026
Verification: Reviewed

Short excerpt

BSS report that ACC filed a case against S Alam and 66 others over alleged embezzlement from Islami Bank and alleged laundering of a portion of the money to Singapore.

Supported claims

ACC case reporting against Mohammed Saiful Alam and others
Alleged Islami Bank loan embezzlement and money laundering
Amounts are ACC-reported allegations, not final judicial findings

Original link

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Mohammed Saiful Alam

Founder and chairman of S Alam Group · Chattogram and Dhaka · 2000s-2026

A major Bangladeshi business and banking figure discussed through bank ownership, loan exposure, ACC prosecutions, court freeze orders, and post-2024 financial-sector accountability reporting.

BankingBusinessPublic contractsGovernment

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S Alam Group

Last verified: 7 Aug 2026

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