The Bangladesh Financial Intelligence Unit (BFIU) on Monday asked banks to provide detailed information about banking activities of S Alam Group Chairman Mohammed Saiful Alam, his companies and his 12 other family members on suspicion of scams.
The 12 family members include wife of Mohammad Saiful Alam alias S Alam Farzana Pervin, his son Ahsanul Alam and Ashraful Alam and his brothers Mohammad Abdullah Hasan, Abdus Samad, Osman Gani , Sahidul Alam, Rashedul Alam and Morshedul Alam
The detailed information on banking activities that the BFIU wanted to know included bank accounts along with the account- opening forms, savings certificates, transaction statements, lockers and Know Your Customer (KYC) maintained in banks on his own or jointly or in the name of affiliated organisations.
Banks concerned were also asked to provide information relating to their loan accounts with guarantee and loan-repayment status.
The BFIU's move came in the wake of various reports and allegations regarding scams of S Alam, his family members and their companies, especially after the fall of the Awami League government on August 05 last following a student-led mass movement.
It has been reported in various media that the amount of loans taken by S Alam Group and its associate companies from six banks from 2017 to June of 2024 amounted to Tk 953.31billion, around 79 per cent of which were taken from Islami Bank alone.
BFIU asks for S Alam Group’s banking info
FE REPORT | Published: August 27, 2024 00:03:35
BFIU asks for S Alam Group’s banking info
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