Dhaka, Dec. 21 -- The Anti-Corruption Commission (ACC) has filed three more cases against companies linked to the controversial business conglomerate S Alam Group over allegations of large-scale loan embezzlement during the tenure of the ousted Awami League government.
The cases accuse the group's chairman Saiful Alam Masud, better known as S Alam, his wife Farzana Parveen, and officials of the state-owned Janata Bank and S Alam Group companies of misappropriating more than Tk 62.44 billion through loans.
The cases were filed on Sunday at the ACC's Chattogram office, Deputy Director Subel Ahmed said.
They involve S Alam Vegetable Oil Ltd, S Alam Cold Rolled Steel Mill and S Alam Trading Company Pvt Ltd -- three affiliates of S Alam Gro...
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