Dhaka, Dec. 17 -- The Anti-Corruption Commission (ACC) has filed a case against Saiful Alam Masud, the head of the controversial business conglomerate S Alam Group, for allegedly embezzling Tk 20.32 billion through loans taken out in the name of a sugar mill.

The case, filed on Wednesday at ACC's Integrated District Office Chattogram-1, implicates 36 people, including Saiful, officials from Janata Bank, and executives from several S Alam Group entities.

Moreover, a separate case has been filed against 32 people, including the managing director of S Alam Super Edible Oil Ltd, a subsidiary of the conglomerate, and Janata Bank officials.

This case involves the alleged embezzlement of Tk 11.52 billion through loans obtained in the name of ...