News Flash
DHAKA, Jan 19, 2026 (BSS) - A Dhaka court today framed charges against 13 people including, S Alam Group Chairman Mohammad Saiful Alam and former Managing Director of Reliance Finance Limited Prashanta Kumar (PK) Halder in a case lodged for allegedly embezzling Taka 32 crore through fraud and abuse of power.
Judge Md Abdus Salam of Dhaka 9th Special Judge Court passed the order, setting February 8 for start recording the deposition of the witnesses.
The other accused are S Alam Group Vice Chairman Abdus Samad; directors Mohammad Abdullah Hasan and Shahana Ferdous; former Executive Vice President of Reliance Finance Limited (now Aviva Finance Ltd) Rashedul Haque; former manager Nahida Runai; former Senior Vice President Kazi Ahmed Jamal; former deputy manager Jumaratul Banna; former Managing Director of Marine Vegetable Oils Jahir Ahmed; and directors Tipu Sultan, Md Ishaq and Md Abdullah Al Mamun.
Among the accused, Nahida Runai and Rashedul Haque are currently in jail. As S Alam and 11 others remain absconding, the court issued arrest warrants against them.
According to the case statement, on August 12, 2013, a term loan of Taka 32.50 crore was approved in the name of a fictitious company, Messrs Mustafa & Co, and the loan was disbursed on October 9 the same year. The money was later transferred to the account of S Alam Super Edible Oil Limited.
Following the incident, Anti-Corruption Commission (ACC) Assistant Director Mahmudul Hasan filed the case on July 2, 2025. After completing the investigation, the ACC submitted a charge sheet on October 15 the same year against S Alam Group Chairman Mohammad Saiful Alam and 12 others.
