The Anti-Corruption Commission (ACC) has filed two separate cases against 68 people, including Saiful Alam, chairman of S Alam Group, over the alleged embezzlement of around Tk3,185 crore taken as loans from Janata Bank.
Sirajul Islam, deputy director of the ACC’s Chattogram district office, filed the cases on Wednesday. ACC deputy director Subel Ahmed said the cases were recorded at the ACC’s Chattogram-1 office.
According to the anti-graft body, the loans were approved and disbursed in the names of two S Alam Group entities from Janata Bank’s General Insurance Building Corporate Branch in Agrabad, Chattogram. One case named 32 accused, while the other named 36.
In one case, S Alam Refined Sugar Industries Ltd has been accused of embezzling Tk2,032 crore. A total of 32 people including its director Abdullah Hasan and Rashedul Alam, managing director of associate company Global Trading Corporation have been made accused in the case.
In the second case, S Alam Super Edible Oil Ltd has been accused of embezzling Tk1,152 crore through various loan mechanisms between 13 September 2005 and 6 March 2025.
