The Anti-Corruption Commission (ACC) has sued S Alam Group Managing Director Mohammad Saiful Alam and 35 others on charges of irregularities and embezzlement involving Tk 2,032 crore loan taken from Janata Bank PLC's Agrabad Corporate Branch in Chattogram.
Mohammad Sirajul Haque, deputy director at the commission's headquarters, filed the case with the ACC's Chattogram District Integrated Office today.
According to the case statement, between 2009 and 2025, the accused allegedly abused their power, in collusion with senior and relevant bank officials, to siphon off huge sums of money through irregular approval, renewal and enhancement of loans in favour of S Alam Refined Sugar Industries Limited.
Source: The Daily Star
