Secondary source

11 of top 20 loan defaulters linked to S Alam Group

The Daily Star

Type: News report
Document: Not stated
Jurisdiction: Not stated
Published: 7 Apr 2026
Accessed: 9 Sep 2026
Verification: Reviewed

Short excerpt

The Daily Star reported that 11 companies among Bangladesh's top 20 disclosed loan defaulters were directly or indirectly linked to S Alam Group, with at least Tk 22,881 crore in reported bad loans based on parliamentary and Bangladesh Bank data.

Supported claims

News reporting on S Alam-linked companies in the top 20 loan-defaulter list
Reported bad-loan exposure attributed to parliamentary and Bangladesh Bank data
Corporate loan-default reporting does not establish individual criminal guilt

Original link

Related cases

Related people

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

Claims: 0
Incidents: 1
Cases: 1
Sources: 8
Relationships: 0

S Alam Group

Last verified: 7 Aug 2026