Dhaka, Nov. 9 -- The Anti-Corruption Commission has brought charges of misappropriating Tk 104.7 billion against businessman Saiful Alam, better known as S Alam, alongside 66 others from the Islami Bank Bangladesh and laundering the money abroad.

ACC Assistant Director Mahmudul Hasan started the case on Sunday at the commission's Integrated District Office, Dhaka, confirmed the anti-graft agency's Assistant Director (Public Relations) Tanjir Ahmed.

According to ACC officials, this is the biggest financial embezzlement case in the history of the agency.

The ACC's investigation report revealed that extensive irregularities in the bank's investment operations marked the start of the S Alam group's control of the Islami Bank in 2017. On Se...