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DHAKA, July 2, 2025 (BSS) – The Anti-Corruption Commission (ACC) has approved three separate cases against 15 individuals, including S Alam Group Chairman Mohammad Saiful Alam, over allegations of embezzling Tk 270 crore.

ACC Director General Md Akhter Hossain told a press conference at the ACC headquarters here today.

According to the ACC, the accused were involved in a coordinated scheme of criminal misconduct, breach of trust and document forgery.

They allegedly created fraudulent entities, misused their authority to formulate and approve loan proposals, disbursed loans under false pretenses, embezzled the funds and later laundered the money by transferring ownership to affiliated entities of S Alam Group.