S Alam's son among 52 sued over Tk918cr embezzlement
Ahsanul Alam is a former chairman of Islami Bank
The Anti-Corruption Commission (ACC) today (28 January) filed a case against 52 people, including former Islami Bank Bangladesh PLC chairman Ahsanul Alam, for allegedly embezzling Tk918 crore by taking a loan from the bank through abuse of power and resorting to fraud and deceit.
Ahsanul is also the son of businessman Saiful Alam, chairman of the controversial S Alam Group.
Talking to reporters, ACC Director General (Prevention) Md Akhtar Hossain said the case alleges embezzlement and money laundering by concealing and changing the real source of the money.
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According to case documents, the accused embezzled Tk918.57 crore by taking a loan from the bank's Khatunganj corporate branch in Chattogram through mutual collusion, abuse of power, criminal breach of trust, criminal misconduct, forgery, fraud, and deceit.
Sources said the anti-corruption watchdog is currently investigating allegations against Md Golam Kibria Chowdhury, owner of United Super Traders in Chattogram, and other officials for embezzling money by forging documents in collusion with bank officials and obtaining loans of about Tk3,300 crore from Islami Bank's Khatunganj, Jubilee Road, and Chaktai branches.
